Reliance Industries Q2 FY27: Profit drops 22%, revenue surges 25% YoY

Reliance Industries Limited (RIL) reported a 22% decline in net profit for the second quarter of FY27, impacted by the absence of a one-time gain from Asian Paints recorded in the prior year. Despite the profit dip, the company's revenue from operations climbed 25% year-on-year to Rs 3.11 lakh crore, up from Rs 2.48 lakh crore in the same quarter last year. Quarterly EBITDA also grew 10% compared to the year-ago period, reaching Rs 54,067 crore. The results highlight strong top-line growth even as the base effect from last year's exceptional gains weighed on bottom-line performance.