Reliance Industries Limited (RIL) has announced its financial results for the quarter ended September 30, showcasing a mixed performance across its business segments, with notable growth in its Oil-to-Chemicals (O2C) business and telecommunications subsidiary Jio Infocomm.

Q2 Financial Highlights

RIL reported the following key financial results for the second quarter:

Key Observations

1. The company's consolidated net profit increased by 10% year-on-year to ₹18,165 crore, though it fell short of Street estimates of ₹18,643 crore.
2. Revenue grew by 10% to ₹2.59 lakh crore, surpassing estimates of ₹2.51 lakh crore.
3. EBITDA rose by 15% to ₹50,367 crore, with margins improving to 17.80%.
4. Outstanding debt increased to ₹3.48 lakh crore, while cash equivalents stood at ₹2.30 lakh crore.

Strong Performance in Oil-to-Chemicals (O2C) Business

The O2C segment showed significant growth:

• Revenue increased by 3.20% to ₹160,558 crore
• EBITDA grew by 20.90%

Reliance Jio Infocomm Performance

Jio Platforms delivered strong results:

• Revenue increased by 14.90% to ₹42,652 crore
• Subscriber base crossed 500 million
• ARPU (Average Revenue Per User) increased by 8.40% to ₹211.40

Retail Segment Highlights

Reliance Retail also showed robust growth:

• Revenue grew by 18% to ₹90,018 crore
• Profit jumped by 22% to ₹3,457 crore
• The retail network expanded to 19,821 stores

Other Business Highlights

• JioStar reported revenues of ₹7,232 crore with EBITDA of ₹1,738 crore and a 28.10% margin
• The company's performance demonstrates its ability to generate revenue growth and improve operational efficiency across various segments

Reliance Industries' Q2 results reflect a mixed performance with strong showings in the O2C, Jio, and Retail segments. While the company achieved overall growth in revenue and profit, the net profit fell short of market expectations. The significant improvements in EBITDA and the expansion of key business segments underscore the company's resilience and diversified business model in a challenging economic environment.

Reliance Industries Limited (RIL) has announced the launch of its Graduate Engineer Trainee (GET) Programme 2026, marking the third edition of this competitive entry-level initiative for engineering graduates. This program, targeting students set to graduate in 2026, offers a comprehensive one-year structured training journey within Reliance Industries' Energy and Materials businesses.

Programme Highlights

• Duration: One-year structured training
• Components: Learning modules, mentorship, and real-world assignments
• Target: Engineering students graduating in 2026
• Eligible Disciplines: Chemical, Mechanical, Electrical, Instrumentation, Metallurgy, Civil, and Fire Engineering

Key Details

Selection Process

The selection process for the GET Programme 2026 is rigorous and multi-faceted, comprising:

1. Online assessments
2. Interviews
3. Evaluations

Successful candidates who complete the program will be absorbed into core technical roles across various divisions of Reliance Industries.

Programme Impact

Since its inception in 2024, the GET Programme has demonstrated significant growth:

• Recruitment Scale: The program has successfully recruited approximately 1,000 engineers annually.
• Industry Exposure: Participants gain valuable experience in Reliance's Energy and Materials sectors.
• Career Pathway: The program serves as a launchpad for fresh engineering graduates to enter core technical roles within the company.

This initiative by Reliance Industries underscores the company's commitment to nurturing fresh talent and building a robust pipeline of skilled professionals for its diverse business operations. As one of India's largest conglomerates, RIL's GET Programme offers a unique opportunity for engineering graduates to kickstart their careers in a dynamic and innovative environment.

Aspiring engineers in their final year of study in the specified disciplines are encouraged to apply for this competitive program, which promises to provide a solid foundation for a successful career in the energy and materials sectors.