Reliance Industries Q3 Results Highlights: EBITDA climbs 6%, Jio 5G subscribers crosses 250 million

Reliance Industries Limited (RIL) has reported a robust performance in the third quarter of FY26, with consolidated revenue rising by 10% year-on-year to Rs 2.94 lakh crore. This growth was primarily fueled by the company's digital services, oil-to-chemical (O2C), and retail segments. The firm's strategic focus on expanding its digital footprint and enhancing its retail offerings has played a crucial role in achieving these impressive results. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a 6% increase, reflecting the healthy operational performance across its diverse business verticals. Notably, Reliance Jio, the telecom arm of RIL, achieved a significant milestone by surpassing 250 million 5G subscribers. This rapid expansion in the 5G user base underscores the company's commitment to advancing digital connectivity in India. Additionally, the O2C business continued to be a key revenue driver, benefiting from favorable market conditions and operational efficiencies. Meanwhile, the retail segment witnessed strong consumer demand, contributing to the overall revenue growth. As Reliance Industries continues to innovate and expand its market presence, these Q3 results highlight the company's resilience and strategic foresight in navigating the evolving business landscape.

— Authored by Next24 Live