Highlights of Reliance Industries’ Q3 Results: EBITDA increases by 6%, and Jio 5G subscribers surpass 250 million. Reliance Industries Limited, the most valuable corporation in India, has released its earnings for the October–December quarter of the current fiscal year 2026. O2C, retail, and digital services drove a 10% YoY increase in consolidated revenue to Rs 2.94 lakh crore in Q3 FY26.
This is Mukesh Ambani’s statement regarding Reliance earnings
During the same time last fiscal year, the company’s revenue was Rs 2.67 lakh crore. Highlights of the RIL Q3 Results: Reliance Industries’ operating revenue increased by 10.25% annually from ₹2.44 lakh crore in Q3FY25 to ₹2.69 lakh crore in the December FY26 quarter.
Live updates on Reliance Industries’ Q3 results: “Jio has been the catalyst for India’s digital revolution by putting the world’s best technology platform in the hands of Indian users,” stated Akash M. Ambani, Chairman of Reliance Jio Infocomm.
Reliance Intelligence will be able to accomplish its goal of making India not just AI-enabled but AI-empowered, where every citizen and business can use AI tools to create, develop, and flourish, thanks to Jio’s more than 500 million subscribers, extensive customer data, and nationwide distribution network. In the upcoming years, this will propel ongoing value creation for all parties involved.
Isha M. Ambani, Executive Director of RRVL, praised Reliance Retail’s profitability, saying: “Reliance Retail delivered a steady quarterly performance, serving millions of customers across their shopping needs.” We continue to cultivate excellent consumer engagement and loyalty by emphasizing trend-focused assortments and seamless omni-channel experiences. We are unwavering in our goal to transform Indian retail via innovation and quality even as we negotiate a changing consumer environment.”
Due to decreased volumes and price realization for KGD6 gas and condensate, quarterly revenue was ₹5,833 crore ($649 million), down 8.4% year over year.
Due to decreased revenues and greater operating costs from maintenance efforts, the quarterly EBITDA was ₹4,857 crore ($540 million), down 12.7% year over year. The oil to chemicals (O2C) segment’s quarterly revenue increased 8.4% year over year to ₹162,095 crore ($18.0 billion).
EBITDA for the quarter was ₹16,507 crore ($1.8 billion), up 14.6% year over year, with a margin expansion of 60 basis points.
Currently, Jio-BP has a robust nationwide network of 2,125 petroleum retail locations.
Revenue for the quarter was ₹43,683 crore, up 12.7% yearly.
EBITDA for Q3FY26 was ₹19,303 crore, a 16.4% YoY increase.
Over 250 million people use Jio 5G.
Over 25 million people use fixed broadband.
Jio Airfiber is the first FWA service in the world to have more than 10 million users. Over 515 million subscribers overall
Adoption of fixed broadband with a 34% YoY increase in total data traffic to over 62 Exabytes
Higher customer engagement led to an increase in Average Revenue Per User (ARPU) to ₹213.7, which was somewhat offset by promotional offers for unlimited 5G and Fixed Broadband services.
Gross revenue reached ₹293,829 crore ($32.7 billion), up 10.0% year over year.
Strong subscriber growth, an increase in ARPU, and the expansion of digital services drove a 12.7% YoY gain in JPL revenue.
The holiday shopping and wedding season drove growth in all consumption baskets, resulting in an 8.1% YoW increase in RRVL income. Top-line growth was limited by the distribution of holiday purchases between the second and third quarters, the effects of the consumer products division demerger, and the optimization of GST.
Revenue from Oil to Chemicals (O2C) rose 8.4% year over year. YoY, production intended for sale rose by 1.7%. The company’s retailing operations through Jio-bp increased its network by 14% year over year to 2,125 outlets, resulting in volume growth of 20.8% for MS and 24.7% for HSD.
Mukesh D. Ambani, Chairman and Managing Director of Reliance Industries Limited, commented on the findings, saying: “FY26 reflects consistent financial delivery and operational resilience across businesses.”
In Indian homes, Jio’s digital environment is becoming more ingrained. We are connecting mobile phones, homes, businesses, and appliances with our mobility and broadband products. Customer involvement has significantly grown because to the synergistic value provided by our media and communication platforms. Through alluring offers made possible by its extensive, homegrown technology stack designed for Indian markets, Jio increased its subscriber base this quarter. The company’s EBITDA increased by 16.4%, demonstrating a strong financial performance.