Reliance Industries Limited
Financial Performance
Reliance Industries Revenue & Financials
Revenue
~$122.6B (FY2026)
Market Cap
$174B
Net Income
~$9.4B
Employees
419,911
What is Reliance Industries's revenue?
Reliance Industries had ~$122.6B in revenue for fiscal year 2026, up 9.6% from 2025. Net income was ~$9.4B.
- Latest revenue
- ~$122.6B (FY2026)
- Year-over-year
- +9.6%
- Growth rate (CAGR)
- 11% over 4 years
- Peak revenue
- ~$122.6B (FY2026)
- Years of data
- 5
- Employees
- 419,911
- How much profit does Reliance Industries make?
- Reliance Industries reported net income of ~$9.4B for fiscal year 2026. stockanalysis.com
- How many employees does Reliance Industries have?
- Reliance Industries has about 419,911 employees.
Financial Analysis
FY2026 gross revenue rose to Rs 1,175,919 crore and profit after tax to Rs 95,754 crore. In Q1 FY2027 (April to June 2026) revenue rose 26.6% year on year to about Rs 3.09 lakh crore, the first quarter above Rs 3 lakh crore, while profit attributable to owners fell 22.4% to Rs 20,946 crore because the prior-year quarter included a one-time gain. Recurring EBITDA hit a record Rs 54,067 crore. In September 2026 Reliance raised Rs 13,000 crore through 10-year bonds at a 7.90% coupon. Reliance Industries Limited is the absolute largest publicly traded company in India, operating as a massive multinational conglomerate with a market valuation generally exceeding $200 billion.
Revenue Trend Analysis
YoY Change
+9.6%
4-Year CAGR
+11%
Peak Year
2026
Trend
Consistent Growth
Reliance Industries Limited has 5 full fiscal year figures on this page, compounding at +11% annually over 4 years. The most recent year saw a 9.6% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at ~$122.6B. Of 4 comparable year-over-year steps, 4 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2026 | ~$122.6B | ~$9.4B | +9.6% | Reliance Industries (NSE:RELIANCE) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2026-03-31. |
| FY2025 | ~$111.9B | ~$8.1B | +7.1% | Reliance Industries (NSE:RELIANCE) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-03-31. |
| FY2024 | ~$104.5B | ~$8.1B | +2.6% | Reliance Industries (NSE:RELIANCE) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-03-31. |
| FY2023 | ~$101.8B | ~$7.7B | +26.1% | Reliance Industries (NSE:RELIANCE) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-03-31. |
| FY2022 | ~$80.7B | ~$7B | — | Reliance Industries (NSE:RELIANCE) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-03-31. |
Click any row to see year details.
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Reliance Industries Revenue and Financial FAQ
What was Reliance Industries Limited's consolidated revenue and EBITDA for FY2025?
In FY2025, Reliance Industries Limited reported consolidated annual revenues exceeding ₹10,50,000 crore ($126B+ USD) and consolidated EBITDA of over ₹1,78,000 crore ($21.4B+ USD), setting an all-time record for Indian corporate profitability.
What is Reliance Industries Limited's market capitalization and equity valuation profile?
Reliance Industries carries a market capitalization typically ranging between ~$209 billion (₹18 lakh crore) and ₹21 lakh crore ($215B, $250B USD), making it the most valuable public company in India and a top-50 mega-corporation globally.
What are the revenue and EBITDA contributions across RIL's business segments?
Oil to Chemicals (O2C) contributes approximately 55% of consolidated gross revenue and 35% of EBITDA, Retail generates roughly 30% of revenue and 23% of EBITDA, Digital Services (Jio) contributes 12% of revenue and 38% of EBITDA, and Oil & Gas exploration accounts for the remainder.
What is Reliance Industries' dividend distribution policy and history?
Reliance maintains an unbroken multi-decade record of annual cash dividend payments, consistently rewarding millions of Indian retail and institutional shareholders while funding multi-billion-dollar capital expenditure cycles.
What is Reliance Industries' credit rating and balance sheet strength?
Reliance holds top-tier domestic credit ratings of 'AAA' (Stable) from CRISIL and CareEdge, and international investment-grade credit ratings of 'Baa2' from Moody's and 'BBB+' from S&P Global Ratings (rated higher than India's sovereign credit rating).
How did Reliance achieve zero net debt in 2020?
In summer 2020, Mukesh Ambani fulfilled his promise to make RIL net debt-free ahead of schedule by raising over ₹2.6 lakh crore ($35B USD) through landmark stake sales in Jio Platforms and Reliance Retail alongside India's largest-ever rights issue (~$6.16 billion (₹53,124 crore)).
How much capital does Reliance allocate annually toward green energy and retail expansion?
Reliance deploys annual capital expenditures between ~$13.9 billion (₹1,20,000 crore) and ₹1,50,000 crore ($14B, $18B USD), aggressively funding the Dhirubhai Ambani Green Energy Giga Complex, 5G network expansions, and retail store rollouts.
Who are the major institutional and promoter shareholders of Reliance Industries?
The Ambani promoter group (led by Mukesh Ambani and family) holds approximately 50.3% of Reliance Industries' equity, with the remaining shares held by major global institutional investors (FIIs), domestic mutual funds (DIIs), and over 3.5 million Indian retail shareholders.
What is Reliance Industries’ annual consolidated revenue and net profit scale?
Reliance Industries generates over ₹10,00,000 crore (approx. $120 billion to $125+ billion USD) in annual consolidated revenues, producing over ₹75,000 crore to ₹80,000+ crore ($9B–$10B+ USD) in net profit, standing as India’s most profitable corporate enterprise.
How much do consumer businesses (Retail and Jio) contribute to group EBITDA?
Consumer businesses (Reliance Retail and Jio Platforms) now contribute approximately 50% to 55% of Reliance’s consolidated operating EBITDA, fundamentally balancing the cyclical commodity earnings of the O2C energy division.
How did Reliance achieve "Net Debt Zero" in 2020?
In 2020, Mukesh Ambani achieved net debt-free status months ahead of target by raising over ₹2,60,000 crore ($35B USD) through strategic stake sales in Jio Platforms and Reliance Retail, alongside India’s largest-ever rights issue (₹53,124 crore).
What are Reliance’s credit ratings and balance sheet strength?
Reliance holds international investment-grade credit ratings (BBB+ / Baa2) capped only by India’s sovereign ceiling, and top-tier AAA domestic ratings from CRISIL and ICRA, giving it the lowest corporate borrowing cost in India.
What is Reliance’s capital expenditure (CapEx) profile?
Reliance deploys substantial capital expenditure annually (typically $15B–$18B USD), focused on nationwide 5G standalone networks, retail store network expansion, deep-water gas field development, and new energy giga-factories.
What is Reliance’s dividend policy?
Reliance pays an annual cash dividend with a history of regular increases, balancing cash returns to millions of Indian retail shareholders with retained earnings for high-return industrial and consumer expansions.
What are the valuation expectations for future public listings of Retail and Jio?
Market analysts estimate that planned independent public listings (IPOs) of Reliance Retail and Jio Platforms could establish combined market capitalizations exceeding $200 billion to $250+ billion, unlocking massive shareholder value.
How do global crude oil and refining cracks impact RIL’s financials?
While fluctuations in global crude prices affect gross refining margins (GRM), Jamnagar’s complex configuration (Nelson Complexity Index ~21.1) allows it to process the cheapest heavy crude grades and yield premium fuels, consistently beating Singapore benchmark refining margins.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Reliance Industries Revenue & Financials." CorpDigest, https://corpdigest.com/company/reliance/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Reliance Industries reported ~$122.6B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/reliance/financials" target="_blank" rel="noopener">CorpDigest — Reliance Industries financials</a></div>Related Financial Audits
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