Reliance Industries Reports Record FY26 Profit of ₹95,754 Crore; Jio IPO Moves Closer After DRHP Approval

Reliance Industries Limited (RIL) reported its highest-ever financial performance for FY26, posting record revenue of ₹11,75,919 crore and net profit of ₹95,754 crore. The strong growth was driven by robust contributions from the company's Retail, Digital Services, Oil-to-Chemicals, and New Energy businesses.

The company also announced a major milestone for Jio Platforms, with the Board approving the Draft Red Herring Prospectus (DRHP) for its proposed IPO, marking a significant step toward one of India's most anticipated public listings.

Reliance Industries FY26 Financial Performance

Reliance delivered record earnings despite global economic uncertainty and volatile commodity markets.

FY26 Financial Highlights

Metric	FY26	Growth
Consolidated Revenue	₹11,75,919 Crore	9.8%
Net Profit	₹95,754 Crore	17.8%
EBITDA	₹2,07,911 Crore	Record High
Capital Expenditure	₹1,44,271 Crore	-
Exports	₹2,78,808 Crore	-
Contribution to Exchequer	₹2,16,472 Crore	-

Retail & Digital Businesses Drive Growth

Reliance's consumer-facing businesses continued to strengthen their contribution to overall profitability.

Segment Performance

Business Segment	FY26 Revenue
Reliance Retail	₹3,70,026 Crore
Jio Platforms	₹1,46,885 Crore
Oil-to-Chemicals	₹6,62,401 Crore

Retail and Digital businesses together contributed nearly 50% of the company's consolidated EBITDA, highlighting Reliance's successful diversification beyond traditional energy operations.

Jio IPO Moves Closer

A key announcement from the company was the approval of Jio Platforms' Draft Red Herring Prospectus (DRHP).

The filing represents a major milestone in Jio's IPO journey and could potentially become one of the largest public offerings in Indian capital market history. The proposed listing is expected to unlock significant value for Reliance shareholders while providing investors exposure to India's largest digital ecosystem.

Jio Business Snapshot

Metric	FY26
Total Subscribers	524 Million+
5G Subscribers	268 Million
Data Traffic Growth	30.8% YoY
Total Data Usage	241 Exabytes

Reliance Expands AI Infrastructure

Reliance Intelligence, the company's emerging AI business, is building a sovereign AI infrastructure powered by clean energy in Jamnagar.

The first phase of the AI facility, featuring NVIDIA GB300 GPUs and 120 MW capacity, is expected to become operational by the end of 2026.

AI & Digital Expansion

Initiative	Details
AI Data Center	Jamnagar
Initial Capacity	120 MW
Technology Partner	NVIDIA
Focus Area	Sovereign AI Infrastructure

New Energy Business Gains Momentum

Reliance's New Energy segment moved from construction to commissioning during FY26, with several strategic projects beginning operations.

The company manufactured nearly 1 GW of Heterojunction Technology (HJT) solar modules and is scaling battery storage capacity to 120 GWh annually.

New Energy Highlights

Project	Status
Solar Module Production	Nearly 1 GW
Battery Storage Capacity Target	120 GWh
Green Ammonia Agreement	USD 3 Billion
Partner	Samsung C&T

Key Highlights

• Reliance reports record FY26 revenue of ₹11.75 lakh crore
• Net profit rises 17.8% to ₹95,754 crore
• EBITDA reaches all-time high of ₹2.07 lakh crore
• Jio Platforms approves DRHP for IPO filing
• Jio subscriber base crosses 524 million
• 5G users reach 268 million
• Reliance expands sovereign AI infrastructure in Jamnagar
• New Energy business begins commercial operations
• Signed USD 3 billion green ammonia agreement with Samsung C&T
• Retail and Digital businesses contribute nearly half of EBITDA

Conclusion

Reliance Industries delivered another record-breaking financial year, demonstrating the strength of its diversified business model. Strong growth across Retail, Digital Services, Energy, and New Energy businesses helped drive record revenue and profitability. With Jio's IPO process advancing, AI infrastructure expansion underway, and New Energy projects entering operational stages, Reliance remains well-positioned for its next phase of long-term growth.

What was Reliance Industries' revenue in FY26?

Reliance Industries reported record consolidated revenue of ₹11,75,919 crore in FY26.

How much profit did Reliance Industries earn in FY26?

The company posted a net profit of ₹95,754 crore, up 17.8% year-on-year.

Has Jio approved its IPO plans?

Yes. The Board of Jio Platforms has approved the Draft Red Herring Prospectus (DRHP) for filing with SEBI.

How many subscribers does Jio have?

Jio's subscriber base crossed 524 million during FY26.

What is Reliance doing in AI?

Reliance is building a sovereign AI infrastructure in Jamnagar powered by clean energy and NVIDIA GPU technology.