Reliance Q1 profit hits record ₹23,196 crore; Retail revenue ₹90,408 crore, Jio files IPO papers
RIL posted record Q1 FY27 net profit of ₹23,196 crore (+6.1% YoY) on revenue of ₹3.40 lakh crore (+24.5%). Reliance Retail clocked ₹90,408 crore in revenue while Jio Platforms filed its DRHP with SEBI ahead of a planned IPO. Group EBITDA rose 10.1% to ₹54,067 crore.
What happened
Reliance Industries · RIL reported record Q1 FY27 net profit of ₹23,196 crore (+6.1%) and revenue of ₹3.40 lakh crore (+24.5%). Reliance Retail posted ₹90,408
Key facts
- net profit ₹23,196 crore up 6.1% YoY
- revenue ₹3.40 lakh crore up 24.5% YoY
- EBITDA ₹54,067 crore up 10.1%
- EBITDA margin 15.9%
- capex ₹38,682 crore
- Reliance Retail revenue ₹90,408 crore
- Jio EBITDA ₹20,865 crore
- 533 million Jio subscribers
Why this matters
The Jio IPO paperwork and 10.1% EBITDA growth confirm Reliance is entering a monetization phase that reshapes partnership and competitive dynamics across telecom and retail.
What to watch
- SEBI approval and Jio DRHP progress / price band disclosure
- Jio ARPU and subscriber net-adds trajectory
- Reliance Retail same-store sales growth and EBITDA margin trend
- O2C segment margins vs crude/refining spreads
- Net debt and capex guidance affecting interest drag on profit
- FII/DII flow shifts around IPO calendar
- Sell-side analysts issue revised SOTP valuations pricing Jio IPO band
- RIL guides on IPO timeline, use of proceeds and stake dilution in follow-up calls
- Retail arm accelerates store additions and quick-commerce (JioMart) push
- Institutional rotation into RIL as pre-IPO holding-company proxy
- Peers (Bharti Airtel, DMart, Zomato/Blinkit) flagged for read-through repricing