Reliance Industries Ltd (FRA:RLI)
€ 48 +1.9 (+4.12%) Market Cap: 162.39 Bil Enterprise Value: 189.88 Bil PE Ratio: 24.17 PB Ratio: 2.00 GF Score: 84/100

Q1 2027 Reliance Industries Ltd Earnings Call Transcript

Jul 16, 2026 / 04:15 AM GMT
Release Date Price: €47.7 (+2.14%)

Key Points

Positve
  • Reliance Industries Ltd (WBO:RLI) reported a 25% increase in top-line revenue, driven by higher oil prices and strong performance in Jio and retail segments.
  • EBITDA increased by 10% to over 54,000 crores, indicating strong operational performance.
  • The company maintained a healthy balance sheet with a slight reduction in net debt and a strong cash flow to support CapEx initiatives.
  • Jio's subscriber base grew to 533 million, with significant growth in 5G users and fixed broadband connections.
  • Retail business showed a 12% revenue growth, with a focus on expanding digital commerce and omnichannel platforms.
Negative
  • The company faced challenges in crude acquisition due to supply chain disruptions in the Middle East, impacting refinery operations.
  • EBITDA margins were affected by higher costs, including freight and insurance, and under-recoveries in retail.
  • KGD6 production and price realization were lower, impacting the oil and gas segment's performance.
  • Retail EBITDA margins decreased due to investments in digital commerce and infrastructure, leading to short-term pressure on profitability.
  • The company faced operational challenges in the petrochemical segment due to high raw material prices and supply constraints.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

RELI.NS - Reliance Industries Ltd
Q1 2027 Reliance Industries Ltd Earnings Call
Jul 17, 2026 / 04:15AM GMT

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Presentation
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So this has been an extraordinary quarter.

Extraordinary when you look at it from point of view of macro volatility, extraordinary if you see it from point of view of energy market shock, extraordinary when you think of it in the context of what kind of supply chain dislocation that happened.

And in that context is where when you look at the overall performance.

I do want to say that it's been an extraordinary performance too. The kind of agility we have shown has been incredible, and I'll tell you why it is. But starting with the numbers, top-line up 25%, primarily because of oil prices, but it is also a fact that Jio top-line was also up 12%, even retail was up close to 12%. So it's not just about
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