Reliance Industries Achieves Historic $10 Billion Annual Profit Milestone
Reliance Industries becomes first Indian firm to cross $10 billion annual profit
The Economic Times
Image: The Economic Times
Reliance Industries Limited has reported a net profit of ₹95,610 crore (approximately $10.15 billion) for FY26, marking it as the first Indian company to surpass the $10 billion profit threshold. Despite a quarterly decline in profits, the company’s consumer businesses, including Jio Platforms and Reliance Retail, continue to thrive.
- 01Reliance Industries becomes first Indian firm to exceed $10 billion in annual profit.
- 02Net profit for FY26 reached ₹95,610 crore, an 18% increase from FY25.
- 03Quarterly net profit for Q4FY26 fell to ₹16,971 crore, a 12.6% decline year-on-year.
- 04Gross revenue for FY26 hit a record ₹11,75,919 crore, up 9.8% year-on-year.
- 05RIL's market capitalization remains over ₹18 lakh crore despite a 15% correction in 2026.
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Reliance Industries Limited (RIL) has made history by becoming the first Indian company to report an annual profit exceeding $10 billion, with a net profit of ₹95,610 crore (approximately $10.15 billion) for FY26. This represents an 18% increase from the previous fiscal year’s profit of ₹80,787 crore. However, the company reported a 12.6% decline in consolidated net profit for the fourth quarter ending March 31, 2026, amounting to ₹16,971 crore, down from ₹19,407 crore in Q4FY25. This decline was attributed to challenges in the oil-to-chemicals segment and rising costs. Despite this, RIL's consumer-facing businesses showed robust growth, with Jio Platforms and Reliance Retail performing well, the latter surpassing 20,000 stores. RIL's gross revenue for FY26 reached a record ₹11,75,919 crore, reflecting a 9.8% increase year-on-year, while full-year EBITDA also set a record at ₹2,07,911 crore, up 13.4% year-on-year. Even with a 15% correction in share prices this year, RIL maintains a market capitalization exceeding ₹18 lakh crore.
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Reliance's record profit could lead to increased investments in consumer services and technology, potentially creating more jobs and improving service availability for consumers.
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