As Prime Minister Narendra Modi arrived in Oslo on Monday (May 18, 2026) for a two-day visit where he will hold bilateral talks and then meet with leaders of Sweden, Norway, Iceland, Finland and Denmark for the 3rd India-Nordic summit, conflicts in Ukraine and Iran and their economic impact will be
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.I tried these 5 face serums on my sensitive skin, and this Korean brand one worked like magicIf you have sensitive skin and always dicey about which face serums to go for
Some TCS employees claim lower take-home pay after appraisals: ‘Salary decreased by ₹3,000’Employees report mixed appraisal outcomes at TCS, with top performers receiving up to 13% hikes while others face reductions in compensation. Updated on: May 19
Mouni Roy makes Cannes comeback amid 'chaos', days after announcing separation from Suraj. See her chic monochrome lookMouni Roy makes a powerful statement at Cannes Film Festival 2026 following her recent separation from Suraj Nambiar. She was spotted in a striking look. Published on: May 19
The U.S. Department of Justice has permanently dropped all criminal charges against Indian tycoon Gautam Adani and his nephew Sagar, bringing the high-profile securities and wire fraud case in New York to a complete close after prosecutors concluded they could not sustain the allegations.The U.S
Reliance Industries: Profit Climbs 14% On Strong Growth In Refining, Retail, And Digital Units
Reliance Industries: Profit Climbs 14% On Strong Growth In Refining, Retail, And Digital Units
Reliance Industries Ltd posted a 14.3 percent rise in quarterly net profit to Rs 22,092 crore (pre-minority interest), helped by improved refining margins and steady expansion in its retail and digital services businesses. Consolidated revenue rose 10 percent from a year earlier to Rs 2.84 lakh crore, led by the consumer-facing segments.
Consolidated EBITDA stood at Rs 50,367 crore, up 14.6 percent from a year earlier, led by growth in the oil-to-chemicals (O2C), retail, and digital services businesses. Profit before tax rose 16.3 percent to Rs 29,124 crore. Capex for the quarter was higher at Rs 40,010 crore, which was fully covered by strong internal cash flows, with cash profit of Rs 40,778 crore.
Net debt remained largely stable at Rs 1.19 lakh crore as of September 30 compared with Rs 1.18 lakh crore as of June 30. Reliance said broad-based growth in consumer businesses, together with improved refining margins and continued thrust on domestic fuel retailing operations, helped deliver a robust consolidated performance during the quarter.
Commenting on the earnings, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries, said: “Reliance delivered a robust performance during 2QFY26 led by strong contribution from O2C, Jio and Retail businesses. Consolidated EBITDA registered 14.6% growth on a YoY basis, reflecting agile business operations, a domestic-focused portfolio and structural growth in the Indian economy. Digital services business continues to scale up with positive momentum in subscriber addition across homes and mobility services, driven by Jio's network and technology leadership."
Oil-to-chemicals (O2C)
O2C EBITDA grew 20.9 percent to Rs 15,008 crore, benefiting from a sharp rebound in transportation fuel cracks (up 22–37 percent) and improvement in polymer margins (up 5–8 percent), though partly constrained by weak polyester chain deltas. Segment performance was also supported by sustained higher volumes in domestic fuel retailing operations. Production meant for sale during the quarter rose 2.3 percent to 18.1 million tonnes.
The O2C business delivered its highest-ever quarterly throughput of 20.8 million tonnes, up 3 percent from a year earlier. Jio-bp continued to expand its presence in domestic fuel retail, with the network crossing the 2,000-outlet mark to reach 2,057 as of September 30, adding 236 outlets over the past year.
The Oil & Gas segment recorded EBITDA of Rs 5,002 crore, down 5.4 percent from a year earlier, with margins at 82.6 percent, lower by 240 basis points. The decline was due to lower revenues and higher operating costs arising from periodic maintenance activity. KGD6 sales volumes fell due to the natural decline in gas production, while lower CBM gas and crude price realisations also impacted earnings.
The effect was partially offset by improved gas price realisation for KG D6 and higher CBM volumes. Average KGD6 gas production was 26.1 MMSCMD, with oil and condensate output of about 18,746 barrels per day.
Digital Services
Digital Services revenue increased 15 percent from a year earlier to Rs 42,652 crore, led by continued expansion of the subscriber base and improvement in average revenue per user (ARPU). Segment EBITDA grew 17.7 percent to Rs 18,757 crore, with a 140-basis-point expansion in margin.
Jio's 5G subscriber base rose to 234 million, while total home connections reached 22.7 million, with more than one million homes added each month during the quarter. JioAirFiber continued to demonstrate global leadership with about 9.5 million subscribers. ARPU improved 8.4 percent to Rs 211.4.
JioStar delivered a robust performance, reporting EBITDA of Rs 1,738 crore and PAT of Rs 1,322 crore, with an EBITDA margin of 28.1%.
Retail
Revenue for the retail business grew strongly by 18 percent year-on-year to Rs 90,018 crore, with significant contributions from all formats. Grocery and Fashion & Lifestyle delivered market-leading performance, growing 23 percent and 22 percent, respectively. Segment EBITDA rose 16.5 percent to Rs 6,816 crore, driven by higher revenues with a favourable mix and improvement in store operating metrics. The business continues to expand its footprint, with 19,821 stores spanning 77.8 million sq. ft. of operational area.
Disclaimer: Network18 and TV18 – the companies that operate news18.com – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Source: News18
Related Posts: Reliance Industries’ Net Profit Declines by 9% Elon Musk's xAI quarterly net loss widens to $1 Mukesh Ambani’s Reliance Industries crosses historic USD 10 billion PAT Reliance Industries Says Battery Manufacturing Plans Are On Track ONGC, Reliance Industries ink MoU for sharing deepwater resources on India’s east coast SIS Ltd eyes Rs 20 MRF Ltd to invest Rs 5 Edible Oil Imports Rise 22 percent To Rs 1 Quarterly earnings Apple reports record quarterly revenue
and its South Korean labour union began another round of government-mediated talks on Tuesday to break an impasse in negotiations over pay and bonuses and avert the biggest strike in the tech conglomerate's history.The two sides are under mounting pressure to prevent an imminent strike by 45
2 hours ago
Starbucks Korea's chief executive has been sacked over a campaign perceived as referring to a bloody historical incident. Launched on Monday, the anniversary of the Gwangju Uprising crackdown, the "Tank Day" coffee tumbler promotion sparked calls to boycott Starbucks Korea and prompted a harsh
2 hours ago
TN SSLC Result 2026 Date, Time: Tamil Nadu Class 10th results releasing tomorrow at 9.30 amTN SSLC Result 2026 date and time have been announced. The Tamil Nadu Class 10th results will be declared at 9.30 am tomorrow, May 20. Updated on: May 19
2 hours ago
Congress leader VD Satheesan takes oath as Kerala CM; makes important decisionsSenior Congress leader VD Satheesan took oath as the 13th chief minister of Kerala, made key decisions for the welfare of women and senior citizens. Published on: May 19
2 hours ago
Vinesh Phogat’s hopes of making it to this year’s Asian Games suffered a major setback on Monday after the Delhi High Court declined to grant her immediate relief ahead of the upcoming selection trials. The two-time World Championships bronze medallist and Olympian has challenged the Wrestling
2 hours ago
In Paris, police deployed tear gas. In Milan, Italy, a fistfight erupted. In London, Singapore and New York, all-night queues snaked from the doors of Swatch stores — the latest examples of status-symbol “drop culture” to flash across the globe when status symbols and resale value collide
2 hours ago
Rajasthan Pre DElEd Admit Card 2026 available on predeledraj2026.com, BSTC exam tomorrowRajasthan Pre DElEd Admit Card 2026 is available for download on the official website at predeledraj2026.com. The exam will be held on May 20, 2026. Updated on: May 19
2 hours ago
Chennai, May 19 (PTI) Chennai Super Kings’ head coach Stephen Fleming acknowledged that Ruturaj Gaikwad is still a work in progress as captain after the side’s playoff hopes in the ongoing IPL were left massively dented by a loss to Sunrisers Hyderabad here.Chennai
2 hours ago
Who is Sibi George, the Indian diplomat winning praise for taking on Norway press head onSibi George is currently serving as Secretary (West) in the MEA, overseeing India's engagement with countries in Europe, West Asia and multilateral forums. Updated on: May 19
2 hours ago
Sometime last year, Dattu Valvi took up temporary work offered by the state forest department in his village Mogarbara in Gujarat, about 120 km away from Surat. The job required him to drive a tractor carrying a filled water tanker to irrigate young saplings that the department had planted
6 hours ago
Arsenal have never been closer to a Premier League title under Mikel Arteta's management. The Gunners' 1-0 win over Burnley left them close to ending their 22-year wait for the league crown - and that dream could be realised as early as Tuesday
6 hours ago
Love Horoscope Today for May 19, 2026: Stop accepting mixed signals and emotional confusionLove Horoscope Today: Find daily astrological predictions for all sun signs. Published on: May 19, 2026 7:30 AM IST By Kishori Sud Share via Copy link Aries An emotional ending may create unexpected freedom
6 hours ago
Pisces Horoscope Today for May 19, 2026: Avoid shortcuts or emotional spendingPisces Horoscope Today: Stay organised, avoid unnecessary stress, and give yourself time to rest. Updated on: May 19, 2026 5:42 AM IST Edited by Kanakanjali Roy Share via Copy link Pisces (Feb 20-Mar 20) Daily Horoscope
6 hours ago
Lok Sabha MP Engineer Rashid has been granted interim bail by the Delhi High Court. This comes after the passing of his father in New Delhi. Rashid will arrive in Srinagar on May 19 to attend the funeral prayers. He has been in Tihar jail since 2019
6 hours ago
Patriotic Kenny dies at 84 after courageous cancer fight, fans call him a 'beautiful soul'Patriotic Kenny became a viral sensation on TikTok and Instagram for his uplifting videos, infectious optimism, and patriotic spirit. Published on: May 19
5 hours ago
OAKLAND, Calif. — A federal jury on Monday sided with OpenAI and its top executives in a feud with Elon Musk, who accused them of betraying a shared vision for it to guide artificial intelligence’s development as a nonprofit dedicated to humanity’s benefit.OAKLAND, Calif
5 hours ago
Enterprises today generate more information than ever before, yet critical knowledge often remains fragmented across teams, systems, and workflows. As AI adoption accelerates, organisations are beginning to recognise that growth, agility, and execution increasingly depend on how effectively
5 hours ago
Jammu: Mistaken intake of wild plant behind Rajouri man’s death, indicates preliminary findingAn elderly man lost his life and seven others of the same family fell ill in Modha Draj village of Kotranka tehsil in Rajouri district on May 16 Published on: May 19, 2026 7:58 AM IST By HT Correspondent
5 hours ago
Uttar Pradesh Chief Minister Yogi Adityanath has asserted his authority following a recent cabinet expansion. The portfolio allocations demonstrate a clear focus on stability as assembly elections approach. New ministers have been accommodated, but key departments remain with the Chief Minister
6 hours ago
Check petrol, diesel rates for Delhi, Mumbai, Kolkata after fresh price hikeThe latest revision comes after fuel prices were raised by ₹3 per litre last week. Published on: May 19, 2026 7:56 AM IST By HT News Desk Share via Copy link State-run oil marketing companies on Tuesday increased petrol
5 hours ago
West Bengal’s newly elected BJP government, led by Chief Minister Suvendu Adhikari, has decided to implement the 7th Pay Commission for state government employees in a move aimed at reducing the long-standing pay gap between state and central government staff
6 hours ago
The Mandalorian & Grogu is released this week and is set for the lowest opening weekend of any Star Wars film ever. With the TV shows also struggling, here's why interest is waning. It's been seven years since the Star Wars franchise visited a galaxy far, far away on the big screen
5 hours ago
Manchester City are preparing for Pep Guardiola's exit after Sunday's Premier League match against Aston Villa. Sources have told BBC Sport that the managerial great is expected to leave Etihad Stadium at the end of the season. City maintain Guardiola has a contract for next season and are hopeful
6 hours ago
20-year-old college dropout lands ₹70 LPA job with US startup after multiple rejectionsFrom underpaid freelancer to earning ₹70 LPA, a 20-year-old dropout shared his viral roadmap for landing a remote job at a US tech startup. Updated on: May 19
5 hours ago
The prices of petrol and diesel were increased on Tuesday with immediate effect amid rising global oil rates and supply concerns as the conflict in West Asia continues. This is the second time in less than a week that the price of the fuel has been hiked
6 hours ago
Nothing Phone (3) is currently available on Amazon India with a major discount offer, bringing the effective price down significantly for buyers looking for a premium Android smartphone. The smartphone, which carries an MRP of Rs 84,999, is currently listed at Rs 44
6 hours ago
New Delhi: Public sector lender Bank of India (BOI) on Monday hiked interest rates on medium- and long-term fixed deposits of less than Rs 3 crore. The latest rates are effective from today (18 May 2026). Senior citizens and super senior citizens will continue to receive additional interest
6 hours ago
