Board Meeting Details

The meeting commenced at 5:30 PM IST and discussions on the announced agenda items concluded at 7:25 PM IST. The Board meeting was continuing for consideration of other agenda items at the time of this disclosure.

Board Decisions

The Board of Directors, at its meeting held on October 30, 2026:

1. Approved the unaudited Financial Results (Consolidated and Standalone) for the quarter and half year ended September 30, 2026, along with the Independent Auditor's Review Report thereon, as recommended by the Audit Committee.

2. Passed an enabling resolution authorizing the issuance of listed, secured/unsecured, redeemable non-convertible debentures up to ₹15,000 crore (Rupees Fifteen Thousand Crore only), in one or more tranches, on a private placement basis.

Financial Results Overview

Consolidated Performance (₹ in crore)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹332,861
  • Total Income: ₹338,654
  • Profit Before Tax: ₹38,613
  • Profit After Tax: ₹29,250
  • Profit After Tax and Share of Profit/(Loss) of Associates and Joint Ventures: ₹29,550
  • Total Comprehensive Income: ₹28,386
  • Net Profit attributable to Owners: ₹25,548
  • Basic EPS: ₹18.88

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹644,711
  • Total Income: ₹657,054
  • Profit Before Tax: ₹69,243
  • Profit After Tax: ₹52,251
  • Profit After Tax and Share of Profit/(Loss) of Associates and Joint Ventures: ₹52,746
  • Total Comprehensive Income: ₹54,849
  • Net Profit attributable to Owners: ₹46,494
  • Basic EPS: ₹34.36

Comparative Quarterly Performance:

  • Revenue from Operations increased 28.6% YoY (from ₹258,898 in Q2 FY26 to ₹332,861 in Q2 FY27)
  • Profit After Tax and Share of Profit increased 33.8% YoY (from ₹22,092 in Q2 FY26 to ₹29,550 in Q2 FY27)
Standalone Performance (₹ in crore)

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹174,668
  • Total Income: ₹178,567
  • Profit Before Tax: ₹20,339
  • Profit After Tax: ₹15,354
  • Total Comprehensive Income: ₹14,485
  • Basic EPS: ₹11.34

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹340,681
  • Total Income: ₹348,688
  • Profit Before Tax: ₹37,939
  • Profit After Tax: ₹28,626
  • Total Comprehensive Income: ₹28,768
  • Basic EPS: ₹21.15

Segment Performance (Consolidated)

Quarter Ended September 30, 2026 (₹ in crore):

  • Oil to Chemicals (O2C): Revenue ₹231,601; EBITDA ₹25,203; EBIT ₹22,347
  • Oil and Gas: Revenue ₹6,020; EBITDA ₹4,901; EBIT ₹3,941
  • Retail: Revenue ₹91,717; EBITDA ₹6,120; EBIT ₹4,300
  • Digital Services: Revenue ₹48,486; EBITDA ₹22,223; EBIT ₹14,249
  • Others: Revenue ₹25,317; EBITDA ₹2,777; EBIT ₹1,454

Key Financial Position (Consolidated as of September 30, 2026)

  • Total Assets: ₹2,275,033 crore
  • Total Equity: ₹1,132,648 crore
  • Non-Current Borrowings: ₹289,744 crore
  • Cash and Cash Equivalents: ₹181,723 crore
  • Net Worth: ₹906,204 crore

Significant Events During Quarter

1. Jio Platforms Limited IPO: JPL completed its Initial Public Offer by way of fresh issue of 27,00,00,000 equity shares of face value of ₹10 each at an issue price of ₹1,119 per equity share (including a securities premium of ₹1,109 per share). The Gross Proceeds from the Issue, after accounting for employee discount of ₹54 per equity share, aggregated to ₹30,188 crore.

2. ECB Prepayment: An aggregate amount of ₹27,500 crore from the Net Proceeds of JPL IPO has been utilized towards prepayment, in full or in part, of the principal amount outstanding of certain External Commercial Borrowings availed by Reliance Jio Infocomm Limited.

3. NCD Issuance: During the quarter, the Group issued Listed Unsecured Redeemable Non-Convertible Debentures amounting to ₹12,000 crore (PPD Series Q) on private placement basis.

Debt Information

Total Non-Convertible Debentures of the Group outstanding (before netting off prepaid finance charges and Fair Valuation Impact) as on September 30, 2026 are ₹39,389 crore, out of which Secured Non-Convertible Debentures are ₹20,000 crore.

The Secured Non-Convertible Debentures aggregating ₹20,000 crore are secured by way of first charge on the Group's certain movable properties. The security cover as on September 30, 2026 is more than 1.25 times of the principal and interest accrued.

Subsidiary and Associate Structure

The consolidated financial results include:

  • 258 subsidiaries reviewed by the statutory auditors
  • 63 subsidiaries reviewed by other auditors
  • 5 subsidiaries with unaudited results certified by management
  • 14 associates and 19 joint ventures reviewed by statutory auditors
  • 61 associates and 14 joint ventures reviewed by other auditors
  • 13 associates and 7 joint ventures with unaudited results certified by management

Auditor Review

The unaudited financial results have been reviewed by the statutory auditors, Deloitte Haskins & Sells LLP and Chaturvedi & Shah LLP, who issued a review report stating that nothing has come to their attention that causes them to believe that the statement contains any material misstatement.