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Reliance Industries
Reliance Industries shares decline over 1%. Photo: ChatGPT

Reliance Industries shares slip 1% as Q4 profit drops YoY

| @indiablooms | Apr 27, 2026, at 11:58 am

Mumbai/IBNS: Shares of Reliance Industries fell over 1% on Monday after the company reported a year-on-year (YoY) decline in its consolidated net profit for the fourth quarter of fiscal year 2025–26, according to media reports.

The conglomerate posted a consolidated net profit of ₹16,971 crore for the quarter, down from ₹19,407 crore in the same period last year.

Net Profit Declines

Reliance’s YoY consolidated net profit dropped by around 12.5%, reflecting pressure on its core energy business despite steady growth in consumer-facing segments.

Revenue Sees Strong Growth

Gross revenue rose 12.9% YoY to ₹3,25,290 crore ($34.3 billion), driven by strong momentum across:
  • Oil-to-Chemicals (O2C)
  • Digital Services
  • Retail
Each of these segments reported double-digit growth, helping offset weaker energy performance.

EBITDA Remains Stable

EBITDA for the quarter stood largely unchanged at ₹48,588 crore ($5.1 billion).
 
Strong earnings from Digital Services and Retail were counterbalanced by a decline in energy businesses.

Rising Costs Impact Margins
  • Depreciation increased 9.9% YoY to ₹14,808 crore
  • Finance costs rose 7.0% YoY to ₹6,585 crore, primarily due to the operationalisation of 5G spectrum assets
  • Tax expenses dipped marginally by 1.3% YoY to ₹6,579 crore
Overall Profitability Under Pressure

Profit After Tax (PAT), including share of profit/(loss) from associates and joint ventures, fell 8.9% YoY to ₹20,589 crore ($2.2 billion).

Capex Remains High

Capital expenditure for the quarter ending March 31, 2026 stood at ₹40,560 crore ($4.3 billion), reflecting continued investment across telecom, retail, and energy verticals.

Energy Segment Drag

Revenue from the Oil and Gas segment declined, in line with the natural drop in KG-D6 gas production, impacting overall profitability.

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