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Reliance Q1 profit falls 22.4% YoY as last year had one-time gains
Revenue from operations rose to ₹3,11,850 crore, and profit increased 23.4% sequentially to ₹20,946 crore.
Reliance Industries reported Q1FY27 results for the April to June period ended 17 July, with consolidated net profit attributable to owners falling 22.4% year over year to ₹20,946 crore, compared with ₹26,994 crore in the same quarter a year earlier, LiveMint Markets reports. The year on year decline was linked to a high comparison base that included a one-time gain in Q1FY26 from Reliance’s stake sale in Asian Paints.
On a quarter on quarter basis, Reliance’s Q1FY27 profit rose 23.4% from ₹16,971 crore in Q4FY26. Excluding the exceptional income from the prior year quarter, the company’s underlying net profit grew 15.9%, LiveMint Markets said.
Revenue from operations in the June quarter rose 25.4% year over year and 4.4% quarter over quarter to ₹3,11,850 crore. Consolidated EBITDA came in at ₹54,067 crore, up 10.1% year over year and 11.3% quarter over quarter, with the EBITDA margin down 210 basis points year over year to 15.9%.
Reliance also said its outstanding debt declined to ₹3,69,705 crore from ₹3,74,421 crore at the end of Q4FY26. Chairman Mukesh D. Ambani said the company saw steady performance across businesses despite continuing geopolitical tensions and volatile commodity markets, and he pointed to phased commissioning of new energy projects and potential value creation tied to the Jio IPO.