What was filed
Reliance Industries filed the investor presentation accompanying its unaudited consolidated and standalone results for the quarter ended June 30, 2026, disclosed at the analyst meet under Regulation 30 of SEBI's listing rules. The company described the quarter as a record set against what it called the "largest energy market shock with supply chain dislocation," and said revenue growth was broad-based, with double-digit gains across O2C, Digital Services and Retail.
Where the earnings came from
The oil-to-chemicals segment was the standout, with the company citing all-time-high middle-distillate cracks and the sustained economics of ethane cracking over naphtha, even as SAED-related costs and under-recovery in domestic fuel retail weighed on earnings. Jio Platforms delivered double-digit EBITDA growth on subscriber momentum and margin expansion, crossing 533 million subscribers. Retail was more mixed: revenue grew but EBITDA slipped as the company said it is investing in scaling hyper-local digital commerce — a phase it framed as a deliberate near-term margin trade-off to build online scale. The company noted consumer businesses continued to contribute over 50% of consolidated EBITDA.
Balance sheet and standalone profit
The company said net debt eased quarter-on-quarter and net debt to trailing-twelve-month EBITDA held within its stated framework of below 1x. It flagged that RIL standalone PAT rose 48%, on a base that excludes a prior-year one-off gain from the sale of listed investments, while consolidated PAT growth was more moderate given higher finance costs and depreciation tied to capitalisation of 5G assets. Capex for the quarter was directed at new energy, retail delivery infrastructure and O2C projects.