Reliance Industries Ltd. Q3 FY2026 results: revenue ₹2,69,496 crore, up 10.5% on the year
Reliance Industries Ltd. (RELIANCE) reported consolidated revenue from operations of ₹2,69,496 crore for Q3 FY2026, the quarter ended 31 December 2025, up 10.5% on the same quarter a year earlier. Profit after tax was ₹22,290 crore, up 1.6% on the year, and earnings per share ₹13.78. The figures are the company's own, from the un-audited results it filed with NSE on 16 January 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 2,69,496 | 2,58,898 | 2,43,865 | +10.5% |
| Other income | 4,914 | 4,482 | 4,214 | +16.6% |
| Total income | 2,74,410 | 2,63,380 | 2,48,079 | +10.6% |
| Cost of materials consumed | 1,08,346 | 1,06,488 | 98,514 | +10.0% |
| Purchases of stock-in-trade | 64,093 | 65,276 | 59,459 | +7.8% |
| Changes in inventories | -811 | -8,421 | -5,014 | n/a |
| Employee benefit expense | 7,912 | 7,491 | 7,155 | +10.6% |
| Finance costs | 6,613 | 6,827 | 6,179 | +7.0% |
| Depreciation, depletion and amortisation | 14,622 | 14,416 | 13,181 | +10.9% |
| Other expenses | 39,347 | 37,904 | 39,962 | -1.5% |
| Total expenses | 2,44,713 | 2,34,256 | 2,19,436 | +11.5% |
| Profit before exceptional items and tax | 29,697 | 29,124 | 28,643 | +3.7% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 29,697 | 29,124 | 28,643 | +3.7% |
| Current tax | 3,139 | 2,762 | 3,723 | -15.7% |
| Deferred tax | 4,391 | 4,216 | 3,116 | +40.9% |
| Total tax | 7,530 | 6,978 | 6,839 | +10.1% |
| Profit after tax | 22,290 | 22,092 | 21,930 | +1.6% |
| Attributable to owners of the parent | 18,645 | 18,165 | 18,540 | +0.6% |
| Other comprehensive income | -567 | -4,140 | -1,920 | n/a |
| Total comprehensive income | 21,723 | 17,952 | 20,010 | +8.6% |
| EPS, basic | ₹13.78 | ₹13.42 | ₹13.70 | +0.6% |
| EPS, diluted | ₹13.78 | ₹13.42 | ₹13.70 | +0.6% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.39 | 0.40 | 0.00 | |
| Debt service coverage | 2.77 | 2.47 | 0.02 | |
| Interest service coverage | 5.49 | 5.27 | 0.06 |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Segments, Q3 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Oil to Chemicals (O2C) | 1,62,095 | 49.4% | 13,921 | 8.6% |
| Oil and Gas | 5,833 | 1.8% | 3,463 | 59.4% |
| Retail | 97,912 | 29.8% | 5,340 | 5.5% |
| Digital Services | 44,653 | 13.6% | 12,118 | 27.1% |
| Others | 17,868 | 5.4% | 982 | 5.5% |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,34,956 | 2,27,970 | 2,40,715 | 2,36,217 | 2,35,481 | 2,43,865 | 2,64,573 | 2,48,660 | 2,58,898 | 2,69,496 | 2,98,621 | 3,11,850 |
| Expenses | 2,12,304 | 2,06,006 | 2,17,529 | 2,16,966 | 2,15,320 | 2,19,436 | 2,40,375 | 2,26,633 | 2,34,256 | 2,44,713 | 2,75,873 | 2,87,770 |
| Operating profit | 40,968 | 40,656 | 42,516 | 38,765 | 39,058 | 43,789 | 43,832 | 42,905 | 45,885 | 46,018 | 44,141 | 47,517 |
| OPM % | 17% | 18% | 18% | 16% | 17% | 18% | 17% | 17% | 18% | 17% | 15% | 15% |
| Other income | 3,841 | 3,869 | 4,534 | 3,983 | 4,876 | 4,214 | 4,905 | 15,119 | 4,482 | 4,914 | 4,447 | 6,550 |
| Interest | 5,731 | 5,789 | 5,761 | 5,918 | 6,017 | 6,179 | 6,155 | 7,036 | 6,827 | 6,613 | 6,585 | 8,337 |
| Depreciation | 12,585 | 12,903 | 13,569 | 13,596 | 12,880 | 13,181 | 13,479 | 13,842 | 14,416 | 14,622 | 14,808 | 15,100 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 26,493 | 25,833 | 27,720 | 23,234 | 25,037 | 28,643 | 29,103 | 37,146 | 29,124 | 29,697 | 27,195 | 30,630 |
| Tax % | 25% | 25% | 24% | 25% | 24% | 24% | 23% | 17% | 24% | 25% | 24% | 25% |
| Net profit | 19,878 | 19,641 | 21,243 | 17,445 | 19,323 | 21,930 | 22,611 | 30,783 | 22,092 | 22,290 | 20,589 | 23,196 |
| EPS in ₹ | ₹25.71 | ₹25.52 | ₹28.01 | ₹22.37 | ₹24.48 | ₹13.70 | ₹14.34 | ₹19.95 | ₹13.42 | ₹13.78 | ₹12.54 | ₹15.48 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 16 January 2026: the result statement. All of Reliance Industries Ltd.'s results: NSE company page.
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