Reliance Industries Q4 FY26: Profit, Revenue, Rs 6 Dividend

Results announcement and dividend recommendation

Reliance Industries Limited (RIL) announced its March quarter (Q4 FY26) results on April 24, 2026, and its board recommended a dividend for shareholders. The company recommended a dividend of Rs 6 per equity share of face value Rs 10 each for the financial year ended March 31, 2026, subject to shareholder approval at the annual general meeting. The results and dividend decision came after the company had informed exchanges that a board meeting was scheduled for April 24 to approve audited standalone and consolidated financials for the quarter and year. RIL also said it would hold an analyst meeting after the board meeting to discuss the results.

Headline profit numbers: different figures cited

In the live updates around the results release, RIL’s net profit was reported at Rs 20,589 crore for the March quarter. Separately, the audited consolidated net profit attributable to owners for the quarter ended March 31, 2026 was stated at Rs 16,971 crore, compared with Rs 19,407 crore a year earlier. The same coverage also highlighted full-year net profit attributable to owners at Rs 69,838 crore for FY26. Another profit measure cited for the full year was profit after tax (PAT) including share of profit/(loss) of associates and joint ventures, which rose 17.8% year-on-year to Rs 95,754 crore.

Q4 revenue and operating performance

RIL reported consolidated gross revenue of Rs 3,25,290 crore for Q4 FY26, up 12.9% year-on-year. Revenue from operations for the quarter rose to Rs 2,98,967 crore versus Rs 2,64,573 crore in the same quarter last year. Total income for the quarter was Rs 3,03,046 crore compared with Rs 2,69,478 crore a year earlier. Profit before tax stood at Rs 29,697 crore, up from Rs 29,103 crore a year earlier. Basic earnings per share (EPS) for the quarter came in at Rs 12.54, down from Rs 14.34 a year ago.

EBITDA and the role of segment mix

EBITDA for the quarter was reported at Rs 48,588 crore (also cited as $1.1 billion). The company attributed the earnings profile to strong growth in Digital Services and a positive contribution from Retail, while energy businesses saw a decline. The decline in energy was linked to disruptions arising from the Middle East conflict, as stated in the results coverage. Brokerages had also flagged pressure on marketing margins, with fuel retailing impacted by under-recoveries and adverse pricing dynamics.

Segment cues: O2C, Digital Services, Retail and Oil and Gas

The results commentary said O2C, Digital Services and Retail each delivered double-digit revenue growth in the quarter’s gross revenue mix. Oil and Gas revenue declined, in line with a natural decline in KG D6 production. On the telecom side, Jio Platforms’ ARPU increased to Rs 214, supported by higher customer engagement and a better subscriber mix.

Full-year FY26 snapshot: revenue, EBITDA, margin

For FY26, the company recorded gross revenue of Rs 11,75,919 crore, up 9.8% year-on-year. Full-year revenue from operations stood at Rs 10,75,674 crore, while total income was Rs 11,04,637 crore. Full-year EBITDA was reported at Rs 2,07,911 crore, up 13.4% year-on-year, with EBITDA margin at 17.7%. Full-year segment growth rates cited were: Jio Platforms revenue up 14.7%, Reliance Retail Ventures Limited (RRVL) revenue up 11.8%, and O2C revenue up 5.7%.

Capex, balance sheet and cash position

RIL reported capital expenditure of Rs 1,44,271 crore for the year ended March 31, 2026. The company said it continued progress on growth projects in O2C and New Energy, while strengthening and expanding the Jio and Retail network and infrastructure. On the balance sheet, consolidated net worth rose to Rs 8,67,828 crore as of March 31, 2026, from Rs 7,95,069 crore a year earlier. Cash and cash equivalents stood at Rs 48,797 crore. Total assets increased to Rs 21,78,140 crore from Rs 19,50,121 crore last year.

Market reaction and trading cues

RIL shares settled lower on April 24 at Rs 1,331 per share on the NSE, down 0.92%. Earlier in the day, the stock was also reported trading around Rs 1,330.30, down 0.98%, ahead of the results announcement.

Management commentary: Jio Platforms listing

Chairman and Managing Director Mukesh D. Ambani said the company was “advancing steadily towards the listing of Jio Platforms,” calling it a defining milestone. He also said robust full-year EBITDA growth of 19% was driven by traction in mobility, home broadband and enterprise services, as per the commentary carried in the live updates. The statement also referenced efforts to democratize access to AI tools and next-generation technology platforms.

Key figures table

Why the result matters for investors

The numbers show a quarter where revenue growth was supported by consumer-facing businesses, while profit metrics were mixed. The updates explicitly linked pressure in energy businesses to Middle East conflict-related disruptions, while Digital Services and Retail were described as offsets. For investors, the Rs 6 per share dividend recommendation adds a tangible shareholder return decision alongside the operating performance. The data points on ARPU (Rs 214), capex (Rs 1,44,271 crore), and the stated progress toward a Jio Platforms listing are also central to how the market frames RIL’s next steps.

Conclusion

Reliance Industries closed FY26 with higher full-year gross revenue and EBITDA, and recommended a Rs 6 per share dividend for shareholder approval at the AGM. The company has also scheduled a post-results analyst meeting, which will be the next formal forum for more detail on segment performance and priorities for O2C, New Energy, Jio and Retail.