Reliance Industries Ltd.EBITDA ₹62,409 Cr, up 24%; O2C record; Jio listed

Reliance Industries' Q2 FY27 analyst meet, held on 30 October 2026, reported consolidated EBITDA of ₹62,409 crore, up 24% and the highest the group has declared, with profit after tax close to ₹30,000 crore, up 34%, and revenue up 28%.

Oil to chemicals led, with EBITDA of ₹25,203 crore, up about 69%, as fuel cracks ran roughly three times last year's, the ethane advantage over naphtha widened, and management said first-half performance tracks annualised EBITDA well over ₹80,000 crore. Digital services EBITDA rose 18% to about ₹22,200 crore, with Jio at 542 million subscribers, 300 million of them on 5G, and its listing made it the second most valuable company on day one.

Retail EBITDA from operations fell 11% as online investment and quick-commerce discounts weighed, with the doubling target kept and gains expected from next year. FMCG revenue reached ₹8,266 crore, 1.6 times last year. Management expects KG-D6 gas prices to rise to nearly $9.9 and new-energy earnings from FY2028.