Which is Mukesh Ambani’s most profitable business? Oil, Gas, Data, Retail…, Reliance’s traditional business brings…, net profit of…

New Delhi: Mukesh Ambani-led Reliance Industries Limited (RIL) has announced its results for the first quarter of the financial year 2025–26 (Q1 FY26). Reliance posted a record EBITDA of Rs 58,024 crore and also earned a net profit of Rs 30,783 crore. Today, Reliance Industries has a presence across diverse sectors, but it has traditionally been known for its oil, gas, and petrochemical businesses. It is important to note that the first quarter results show that the company’s revenue model is evolving. Reliance is now earning more from its telecom, digital services, and retail businesses than from its traditional oil and gas segment.

Reliance Industries’ Record Earnings

Reliance Industries registered a record EBITDA of Rs 58,024 crore and a net profit of Rs 30,783 crore in the first quarter of fiscal year 2026. For the past few quarters, there had been signs that Reliance’s sources of income were gradually shifting. Reliance is now generating more profit from its Jio (telecom), digital platforms, and retail stores rather than depending primarily on oil and gas. These new-age businesses are driving the company’s growth and reshaping its identity.

Which business brings in the most revenue?

  • Reliance’s telecom business (Jio) leads in earnings.
  • Jio recorded an EBITDA of Rs 18,312 crore, which accounts for nearly 32 percent of the company’s total EBITDA.
  • The number of Jio’s 5G users has now crossed 200 million.
  • Its home broadband users have reached 20 million.
  • The company’s ARPU has also increased to Rs 208.8, marking a 14.9 percent rise compared to last year.
  • Reliance Retail Ventures Limited (RRVL) reported an EBITDA of Rs 6,381 crore, which is 12.7 percent higher than the same quarter last year.
  • In this quarter, Reliance Retail generated a revenue of Rs 84,171 crore and opened 388 new stores across the country. Its customer base also grew to 358 million.

What’s the status of the oil and gas business?

Reliance’s traditional oil and gas business recorded an EBITDA of Rs 4,996 crore — a year-on-year decline of 4.1 percent. The company was impacted by lower production from the KG-D6 gas field and falling prices of CBM (coal bed methane) gas. Revenue from this segment also saw a decline of 1.2 percent.

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