BUSINESS
Reliance Results: RIL is India’s most valuable company, which is expected to report a steady performance during the quarter under review.
RIL Q3 results: Reliance Industries Limited (RIL), the flagship company of Indian billionaire Mukesh Ambani, reported almost a flat net profit of Rs 18,645 crore for the third quarter, as weakness in its retail business offset gains in other segments, according to a company filing. RIL is India’s most valuable company, saw muted earnings growth in the retail business on GST rate rationalisation, even as its energy and digital businesses provided support.
Its net profit of Rs 18,645 crore in October-December - the third quarter of the current 2025-26 fiscal year - compared to Rs 18,540 crore a year back. Revenue from operations rose to Rs 2.69 lakh crore from Rs 2.43 lakh crore in October-December 2024.
The market cap of Reliance currently stands at Rs 19.72 lakh crore. Its shares closed at Rs 1,461 ahead of the Q3 results on Friday. On Thursday, January 15, another Ambani firm, Jio Financial Services Ltd (JFSL), reported a consolidated profit of Rs 269 crore for the third quarter ended December 31.
Equity benchmark indices Sensex and Nifty ended higher on Friday, driven by a sharp jump in Infosys after the company raised its revenue growth guidance for FY26. After two days of losses, the 30-share BSE Sensex climbed 187.64 points, or 0.23 per cent, to settle at 83,570.35. During the day, it jumped 752.26 points, or 0.90 per cent, to 84,134.97. The 50-share NSE Nifty rose 28.75 points, or 0.11 per cent, to 25,694.35.
From the 30-Sensex firms, Infosys jumped 5.67 per cent after the Bengaluru-headquartered firm saw its revenue from operations grow by 8.9 per cent to Rs 45,479 crore in the third quarter of the current fiscal from Rs 41,764 crore in the year-ago period.
Reliance reported a nearly 2% year-on-year (YoY) rise in its consolidated profit to Rs 22,167 crore for the December quarter of the current financial year (Q3FY26). In the corresponding quarter of the previous financial year, the company's profit was Rs 21,804 crore.