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Reliance Industries Ltd

| Audited Consolidated Financial Results for Q4 and Year Ended March 31, 2026

Report Source

⬤24th Apr 26

Summary : Reliance Industries reports strong FY26 consolidated results, recommends dividend, with unmodified audit opinion.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Consolidated Cost of Materials Consumed (FY26): ₹443,101 crore.
  2. Consolidated Purchases of Stock-in-Trade (FY26): ₹255,829 crore.
  3. Consolidated Employee Benefits Expense (FY26): ₹30,318 crore.
  4. Consolidated Finance Costs (FY26): ₹27,061 crore.
  5. Consolidated Depreciation/Amortisation (FY26): ₹57,688 crore.
  6. Consolidated Other Expenses (FY26): ₹159,289 crore.
  7. Consolidated Revenue from Operations (FY26): ₹1,075,675 crore (vs. ₹980,136 crore in FY25).
  8. Consolidated Segment Revenue (FY26): O2C ₹662,401 crore, Oil and Gas ₹23,861 crore, Retail ₹371,085 crore, Digital Services ₹176,164 crore, Others ₹80,522 crore.
  9. Standalone Revenue from Operations (FY26): ₹524,105 crore (vs. ₹532,792 crore in FY25).
  10. Standalone Segment Revenue (FY26): O2C ₹505,114 crore, Oil and Gas ₹23,765 crore, Retail ₹2 crore, Digital Services ₹1,362 crore, Others ₹16,880 crore.
  11. Consolidated Net Cash Flow from Operating Activities (FY26): ₹192,113 crore.
  12. Consolidated Net Cash Flow used in Investing Activities (FY26): (₹101,089) crore.
  13. Consolidated Net Cash Flow used in Financing Activities (FY26): (₹51,549) crore.
  14. Standalone Net Cash Flow from Operating Activities (FY26): ₹79,059 crore.
  15. Standalone Net Cash Flow used in Investing Activities (FY26): (₹50,451) crore.
  16. Standalone Net Cash Flow used in Financing Activities (FY26): (₹2,900) crore.
  17. Consolidated Total Assets (Mar 31, 2026): ₹2,178,140 crore.
  18. Consolidated Total Equity (Mar 31, 2026): ₹1,085,866 crore.
  19. Consolidated Total Liabilities (Mar 31, 2026): ₹1,092,274 crore.
  20. Standalone Total Assets (Mar 31, 2026): ₹1,165,809 crore.
  21. Standalone Total Equity (Mar 31, 2026): ₹566,235 crore.
  22. Standalone Total Liabilities (Mar 31, 2026): ₹599,574 crore.
  23. Both standalone and consolidated financial results are presented and audited.
  24. Consolidated results include the Parent, its subsidiaries, associates, and joint ventures.
  25. Standalone results pertain to the Parent company only.

Corporate Overview

  1. Oil to Chemicals (O2C): refining, petrochemicals, fuel retailing, aviation fuel, bulk wholesale marketing, integrated assets (Refinery Off-Gas Cracker, Aromatics, Gasification, Multi-feed and Gas Crackers, downstream manufacturing facilities, logistics, supply-chain infrastructure).
  2. Oil and Gas: exploration, development, production of crude oil and natural gas.
  3. Retail: consumer retail and range of related services.
  4. Digital Services: provision of a range of digital services.
  5. Factual and regulatory tone, reporting financial outcomes and compliance.
  6. Oil to Chemicals (O2C)
  7. Oil and Gas
  8. Retail
  9. Digital Services
  10. Others

Risk Factors

  1. No specific risks highlighted in report.
  2. Potential for market volatility impact.
  3. High capital expenditure requirements.
  4. Regulatory changes could affect operations.

Key Drivers

  1. Strong consolidated revenue and profit growth.
  2. Recommended dividend of Rs. 6.00 per share.
  3. Unmodified audit opinion on financial results.
  4. Growth across key business segments.

Auditor’s Report

  1. Unmodified opinion on both Consolidated and Standalone Financial Results for FY26.

Board Commentary

  1. Recommended a dividend of Rs. 6.00 per equity share of Rs. 10/- each for FY26, subject to AGM approval.
  2. Redeemed Listed Unsecured Redeemable Non-Convertible Debentures of ₹1,650 crore (PPD Series L) and Listed Secured Redeemable Non-Convertible Debentures of ₹1,000 crore (PPD 8) during FY26.

Corporate Governance

  1. Audit Committee recommended financial results for board approval.
Reliance Industries Ltd (RELIANCE) Quarterly Report Analysis & Insights | Dhanarthi