Reliance Q3 Profit Flat at Rs 18,645 Crore; Jio Platforms Profit Rises 11%

Reliance Industries reported a nearly flat consolidated net profit of Rs 18,645 crore for Q3 FY26, with revenue rising about 10.5% year-on-year to Rs 2.69 trillion. Weakness in the retail and oil exploration segments offset gains in oil-to-chemicals and digital businesses. Jio Platforms, Reliance's telecom and digital arm, posted an 11.2% profit increase to Rs 7,629 crore, driven by subscriber growth, higher ARPU, and expanded digital services. Jio's 5G subscriber base reached 253 million, accounting for 53% of wireless traffic, supporting its upcoming IPO plans.