RIL Q1 Results: Revenue up 25% YoY to Rs 3.11 lakh crore, profit beats Street estimates
Reliance Industries Ltd reported a 25% year-on-year revenue increase to Rs 3.11 lakh crore for the June quarter, though profits fell by 22% due to previous one-time gains. The company saw double-digit growth across all business segments, including strong performance from Jio Platforms.
Why it matters
As a major conglomerate, Reliance's financial health serves as a key indicator for the broader Indian economy and the telecommunications sector.
Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday managed to beat Street expectations as its revenue from operations increased 25% year-on-year (YoY) to Rs 3.11 lakh crore in the June quarter as against Rs 2.48 lakh crore a year ago. The profit, however, fell 22% YoY to Rs 20,946 crore due to an exceptional item that came about due to sale of Asian Paints stake in the comparable period last year.RIL's all business segments reported double-digit growth and EBITDA during the quarter increased by 10% YoY to Rs 54,067 crore. Reliance has made a steady start to FY27, with all businesses delivering strong operating performance.
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