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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Reliance Industries Ltd

RIL FY26 audited results: PAT ₹95,754 crore up 17.8%, EBITDA ₹2,07,911 crore up 13.4%

RESULTS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 24 Apr 2026, 07:43 PM IST  ·  BSE ID: c7250f3e-6e6a-41a1-8e51-284b2de0e38a
View Original BSE Filing (PDF)
💡
In Simple Terms
Reliance's annual profits jumped 17.8% to ₹95,754 crore in FY26; digital and retail businesses drove growth despite geopolitical shocks.
🤖 AI Summary
  • RIL FY26 consolidated PAT surged ₹95,754 crore, up 17.8% YoY; EBITDA ₹2,07,911 crore, up 13.4%
  • Revenue growth 9.8% to ₹11,75,919 crore led by Oil to Chemicals, Digital, and Retail segments
  • Digital Services EBITDA ₹76,560 crore up 18% on 5G subscriber additions and fixed broadband mix
  • Jio Platforms PAT crossed ₹30,000 crore threshold, up 15.1%; Retail PAT nearly ₹14,000 crore, up 11.7%
  • Net debt to EBITDA remained significantly below 1x; cash profit ₹1,71,258 crore with capex ₹1,44,271 crore
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consolidated PAT (FY26)
₹95,754 crore
17.8%
Consolidated EBITDA (FY26)
₹2,07,911 crore
13.4%
Revenue (FY26)
₹11,75,919 crore
9.8%
Digital Services EBITDA (FY26)
₹76,560 crore
18.0%
Retail EBITDA (FY26)
₹27,034 crore
8.0%
Oil to Chemicals EBITDA (FY26)
₹60,546 crore
10.0%
Oil and Gas EBITDA (FY26)
₹19,050 crore
-10.0%
RIL Standalone PAT (FY26)
₹43,851 crore
24.4%
Jio Platforms PAT (FY26)
₹30,000+ crore
15.1%
Reliance Retail PAT (FY26)
₹14,000 crore (approx)
11.7%
Net Debt to EBITDA (FY26)
Below 1x
Cash Profit (FY26)
₹1,71,258 crore
Capex (FY26)
₹1,44,271 crore
Q4 FY26 Revenue
₹3,25,290 crore
12.9%
Q4 FY26 PAT
₹20,589 crore
-8.9%
Jio 5G Subscribers
268 million
🏢 How This Affects the Company
📈
Business Impact
Revenue growth of 9.8% to ₹11,75,919 crore driven by Digital Services (18% EBITDA growth), Retail (8% growth), and Oil to Chemicals (10% EBITDA growth). Consumer businesses now contribute over 55% of consolidated EBITDA, reflecting significant shift toward domestic-oriented revenue streams.
💰
Financial Impact
PAT growth of 17.8% to ₹95,754 crore with EBITDA up 13.4% to ₹2,07,911 crore. Net debt to EBITDA remained significantly below 1x, indicating strong balance sheet flexibility. Cash profit reached ₹1,71,258 crore. Capex of ₹1,44,271 crore reflects 5G spectrum operationalization and growth investments.
⚙️
Operational Impact
Jio subscriber base expanded with 268 million 5G subscribers and robust fixed broadband additions. Retail store footprint expanded with hyperlocal commerce scaling. Oil to Chemicals volumes faced headwinds (4% lower in Q4) but margin capture offset through fuel crack spreads.
⚠️
Risk Impact
Oil and Gas segment EBITDA declined to ₹19,050 crore from ₹21,188 crore (10% YoY drop), driven by 6.4% lower KG D6 gas volumes and weak prices. Geopolitical disruptions in Middle East caused oil price surge (60-70% in March 2026), LNG spike, and rupee depreciation (11% in FY26). Supply shocks impacting industry margins and currency headwinds emerging.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required. Shareholder dividend or capital allocation decision to be tracked in separate announcement.
👤
Who Is Affected
All equity shareholders benefit from 17.8% PAT growth to ₹95,754 crore and enhanced earnings visibility. Shareholders holding through Jio Platforms and Reliance Retail benefit from subsidiary PAT growth (JPL ₹30,000+ crore, RRVL ₹14,000 crore).
🔍
Management Signal
Management strategy shift toward consumer businesses evident: over 55% consolidated EBITDA now from Digital, Retail, FMCG versus energy. Balance sheet discipline maintained with net debt to EBITDA below 1x despite ₹1,44,271 crore capex spend.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q1 FY27 results: confirm if Digital Services sustains 18% EBITDA growth and 5G subscriber momentum.
Dividend announcement: track shareholder payout from ₹95,754 crore FY26 PAT and ₹1,71,258 crore cash profit.
Oil and Gas turnaround trajectory: monitor KG D6 basin production recovery and gas pricing recovery post-geopolitical stabilization.
MEDIUM RISK Oil and Gas EBITDA down 10% YoY; Middle East conflict caused 60-70% oil price spike and rupee depreciation 11% FY26. Supply disruptions and currency headwinds emerging as downside risks to energy margins.
💡 Investor Takeaway
RIL delivered ₹95,754 crore consolidated PAT, up 17.8% YoY, with EBITDA ₹2,07,911 crore up 13.4%. Consumer businesses contributed over 55% of EBITDA. Net debt to EBITDA remained significantly below 1x. However, Oil and Gas EBITDA fell 10% YoY to ₹19,050 crore, and Q4 PAT declined 8.9% due to 5G spectrum depreciation and finance costs.
⚖️ Strengths & Concerns

✅ Positives

  • Digital Services EBITDA doubled to ₹76,560 crore over 5 years; Retail EBITDA grew 2.5x; demonstrates consumer business resilience and scale.
  • Consolidated net debt to EBITDA below 1x with cash profit ₹1,71,258 crore; balance sheet remains investment-grade rated above sovereign.

⚠️ Concerns

  • Oil and Gas EBITDA fell 10% YoY to ₹19,050 crore on KG D6 volume decline (6.4%) and weak pricing; segment weakness offset consumer gains.
  • Q4 PAT declined 8.9% to ₹20,589 crore despite revenue growth, due to higher finance costs and 9.9% depreciation rise from 5G spectrum operationalization.
📅 Company Track Record
RIL consolidated EBITDA doubled from ₹97,580 crore (FY21) to ₹2,07,911 crore (FY26) — exceeding 5-year doubling target. Digital Services EBITDA more than doubled (₹34,035 crore FY21 to ₹76,560 crore FY26). Retail EBITDA grew 2.5x (₹9,842 crore to ₹27,034 crore). Oil and Gas recovered dramatically (₹258 crore FY21 to ₹19,050 crore FY26) on KG D6 turnaround.

Based on publicly available historical data. For context only.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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