Reliance Q4 Results: Net Profit ₹16,971Cr, Revenue Rises to ₹2.99 Lakh Crore
Reliance Industries reported mixed Q4 results with consolidated net profit declining 9% QoQ to ₹16,971 crore despite revenue growth of 10.74% to ₹2.99 lakh crore. EBITDA margin compressed to 14.78% from 17.08% in the previous quarter, though the company delivered strong annual performance with record PAT of ₹95,610 crore and recommended ₹6 dividend per share.
*this image is generated using AI for illustrative purposes only.
Reliance Industries has delivered mixed Q4 performance with revenue growth offset by margin compression. The company's consolidated net profit declined to ₹16,971 crore in Q4 compared to ₹18,650 crore in the previous quarter, while revenue expanded to ₹2.99 lakh crore from ₹2.70 lakh crore quarter-on-quarter.
Q4 Financial Performance Overview
The latest quarterly results show revenue momentum continuing despite profitability challenges. EBITDA for Q4 stood at ₹44,100 crore compared to ₹46,000 crore in the previous quarter, reflecting operational headwinds during the period.
| Financial Metric: | Q4 Performance | Previous Quarter | Change (QoQ) |
|---|---|---|---|
| Consolidated Net Profit: | ₹16,971 crore | ₹18,650 crore | -9.00% |
| Revenue: | ₹2.99 lakh crore | ₹2.70 lakh crore | +10.74% |
| EBITDA: | ₹44,100 crore | ₹46,000 crore | -4.13% |
| EBITDA Margin: | 14.78% | 17.08% | -230 bps |
Annual Performance Highlights
Despite Q4 challenges, the company delivered exceptional annual performance with record consolidated PAT of ₹95,610 crore for FY26, representing 18.3% year-on-year growth. The Board recommended a dividend of ₹6 per equity share following the strong annual results.
| Annual Metrics: | FY26 Performance | YoY Change |
|---|---|---|
| Gross Revenue: | ₹11,75,919 crore | +9.8% |
| EBITDA: | ₹2,07,911 crore | +13.4% |
| EBITDA Margin: | 17.7% | +60 bps |
| Consolidated PAT: | ₹95,610 crore | +18.3% |
Business Segment Performance
Jio Platforms maintained strong performance in FY26 with revenue of ₹1,72,317 crore and EBITDA margin of 51.9%. The digital services segment added 75 million net subscribers during the year, reaching a total subscriber base of 524.4 million, including 268 million 5G subscribers.
Reliance Retail delivered steady growth with gross revenue of ₹3,70,026 crore, up 11.8% year-on-year. The retail segment expanded its footprint with 1,564 new stores opened during FY26, taking the total store count to 20,160 with 387 million registered customers.
Regulatory Compliance and Board Decisions
The Board meeting held on April 24, 2026, approved audited consolidated and standalone financial results. The company conducted an analyst meet following the Board approval, with the transcript disclosed under SEBI Listing Regulations and made available on the company website for stakeholder reference.
Historical Stock Returns for Reliance Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.87% | -6.88% | -0.57% | -12.02% | -8.10% | +50.18% |
What strategic initiatives is Reliance planning to implement in FY27 to reverse the margin compression trend observed in Q4?
How will the rapid expansion of Jio's 5G subscriber base to 268 million users translate into revenue growth and market share gains in the telecom sector?
What impact could Reliance Retail's aggressive store expansion strategy have on India's organized retail market and competition with e-commerce players?
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