Overview
- Reliance shares rose nearly 3% on the next trading day after the results, signaling cautious confidence despite a mixed quarter.
- Consolidated net profit fell 12.5% year on year to Rs 16,971 crore in Q4 as oil-to-chemicals margins were squeezed by higher crude premiums, freight and insurance costs, and fuel price holds at pumps.
- Jio Platforms posted revenue growth and stronger operating profit, with EBITDA at Rs 20,060 crore, net profit at Rs 7,935 crore, ARPU at Rs 214, and a customer base of 524.4 million.
- Reliance Retail delivered its strongest quarter yet, with revenue of about Rs 98,000 crore, operating profit near Rs 6,900 crore, and 333 new stores opened.
- After the release, most brokerages kept Buy ratings but cut FY27–FY28 earnings by roughly 3–6% and pointed to Jio’s growth, a potential Jio IPO, and progress on the Kutch renewables build as key drivers to watch.