Reliance Reports 12.4% Growth in Q4 O2C Revenue to Rs 1.85 Lakh Crore

Reliance Industries Reports Mixed Q4 Results Amid Global Economic Uncertainty

Reliance Industries Ltd, a leading conglomerate, has released its fourth quarter financial results, showing a mixed performance across its key segments. The company's oil-to-chemicals (O2C) segment reported a significant increase in revenue, reaching Rs 1.85 lakh crore, a 12.4 percent rise from the same quarter last year's revenue of Rs 1.65 lakh crore.

Key Figures:

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The O2C segment's quarterly EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) came in at Rs 14,520 crore, down from Rs 15,080 crore in the same quarter last year. This decline is attributed to a weak margin environment for downstream chemicals and disruptions caused by the outbreak of war in West Asia in February.

In contrast, the conglomerate's oil and gas segment experienced a decline in revenue, falling to Rs 5,867 crore from Rs 6,440 crore in the same quarter last year. Quarterly EBITDA for this segment also decreased to Rs 4,195 crore, down from Rs 5,123 crore.

Reliance Industries' oil and gas segment saw a decline in production from the KG D6 block, leading to lower revenue and EBITDA. However, the company reported an increase in revenue from this segment for the fiscal year 2026, reaching Rs 23,861 crore, up from Rs 25,211 crore recorded in fiscal year 2024.

For the year, the O2C revenue increased to Rs 6.62 lakh crore, a 5.1 percent rise from Rs 6.27 lakh crore in the previous year. The average price realized for KGD6 gas was $9.81/MMBTU in fiscal year 2026, compared to $9.65/MMBTU in fiscal year 2025.

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