India’s Reliance Reports 12.5% Profit Dip Amid Global Energy Volatility

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MUMBAI:  Reliance Industries Limited (RIL), the Indian multinational conglomerate with a significant footprint across the Gulf, has reported a 12.5% decline in its consolidated net profit for the final quarter of the 2025-26 financial year. The company’s profit fell to ₹16,971 crore (approx. BHD 770 million), down from ₹19,407 crore in the same period last year.

Chairman Mukesh Ambani attributed the dip primarily to ‘unprecedented dislocation’ in global supply chains caused by the ongoing conflict in the Middle East.

These geopolitical headwinds led to higher crude oil prices and increased freight and insurance costs, which squeezed the margins of Reliance’s core Oil-to-Chemicals (O2C) business. Despite these challenges, the group’s total revenue for the quarter rose by 13% to ₹2.98 lakh crore, driven by robust growth in its digital and retail sectors.

The company's diverse portfolio helped cushion the impact of the energy sector's decline. Jio Platforms, the digital arm, recorded a 13% jump in profit as its subscriber base surged to 524 million. Meanwhile, Reliance Retail maintained steady momentum, expanding its reach to over 20,000 stores.

Ambani also highlighted that the company is ‘advancing steadily’ toward the much-anticipated stock market listing of its telecom unit, Jio, while simultaneously accelerating its shift toward green energy with new giga-factories nearing operation.