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Reliance Q1 profit falls year over year as revenue grows
The oil-to-telecom conglomerate posted consolidated revenue of ₹3,11,850 crore in April to June, up 25.4% year over year, even as net profit fell 22.4%.
Reliance Industries shares were set to remain in focus after the company posted Q1 FY27 results for the quarter ending 30 June 2026, with the stock gaining 2.5% on Friday to close at ₹1,328.80, LiveMint Markets reported.
Reliance said consolidated net profit attributable to owners fell 22.4% year over year to ₹20,946 crore for April to June. On a sequential basis, profit rose 23.4% from ₹16,971 crore in the January to March quarter. The decline in annual profit was attributed to a high base in the prior-year period that included a one-time gain of ₹8,924 crore from the sale of Reliance's stake in Asian Paints.
Revenue from operations increased 25.4% year over year and 4.4% quarter over quarter to ₹3,11,850 crore in Q1FY27. Consolidated EBITDA rose 10.1% year over year and 11.3% quarter over quarter to ₹54,067 crore, while EBITDA margin contracted by 210 basis points on a yearly basis, improving by 100 basis points sequentially to 15.9%.
Analyst Seema Srivastava of SMC Global Securities said Reliance began FY27 with revenue up 24.5% year over year to ₹340,257 crore and record recurring EBITDA of ₹54,067 crore, adding that Jio Platforms was a key growth engine. She also noted a DRHP filing for Jio's IPO as a milestone to unlock value, while pointing to retail revenue growth of 7.4% to ₹90,408 crore alongside a 1.1% decline in EBITDA as digital commerce scale-up weighed on margins.