Reliance Industries Ltd noticed income from its oil-to-chemicals phase for the quarter ended December 2025 (third quarter of monetary 12 months 2026) improve 8.4 % from Q3 FY 2025 to $18 billion.
That was helped by a two % improve in refining throughput with 20.6 million metric tons of crude processed within the three-month interval, regardless of challenges in procuring oil, in accordance with a web-based assertion by the diversified Indian conglomerate.
“Agile crude sourcing helped maintain throughput regardless of procurement challenges”, Reliance mentioned. “Partial resumption of Purple Sea route additionally benefitted operations”, it added.
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Reliance operates what it says is the world’s greatest single-site refinery in Jamnagar, India. The ability has a declared processing capability of 1.4 million barrels a day.
The Q3 FY2026 assertion mentioned refinery utilization was maximized “to seize excessive margins”. Reliance reported 18.2 million metric tons in manufacturing meant on the market, up 1.7 % year-on-year.
Reliance’s gas retailing community beneath the Reliance BP Mobility Ltd model, a three way partnership with BP PLC, expanded by 14 % year-over-year to 2,125 retailers, driving quantity development of over 20 %, in accordance with the assertion.
A “sharp improve in transportation gas cracks and better sulfur realization” drove a 14.6 % year-on-year improve to $1.18 billion in petrochemicals EBITDA. The advance in transport gas cracks was aided by “continued disruptions in Russian provide and unplanned outages in different areas”, Reliance mentioned. “US/EU sanctions on Russian refiners additional tightened gas markets”.
Alternatively, Reliance noticed “weak spot in downstream chemical margins and better feedstock freight charges”.
Nonetheless, it added, “Favorable ethane cracking economics and home market placements continued to help profitability”.
On the backdrop, each international and home demand for oil merchandise grew year-on-year in Q3 FY2026, partially offset by a worth decline, the assertion famous. “Crude oil benchmarks declined y-o-y on expectations of a possible oil provide surplus in 2026 brought on by greater OPEC+ output and reasonable demand development”, Reliance mentioned. “Chinese language inventory builds supported costs”.
For its upstream oil and gasoline enterprise Reliance recorded an 8.4 % year-on-year drop in quarterly income to $649 million as a consequence of decrease volumes and realized costs. Section EBITDA fell 12.7 % year-on-year to $540 million, with greater working prices ensuing from upkeep actions compounding the impression of decrease income.
Throughout its operations, which additionally embody polymers, textiles, diversified retail and digital companies, Reliance collected $32.7 billion in income for Q3 FY2026, up 10 % year-on-year. EBITDA totaled $5.7 billion, up 6.1 % year-on-year.
“Reliance’s consolidated efficiency in 3Q FY26 displays constant monetary supply and operational resilience throughout companies”, mentioned chair and managing director Mukesh D. Ambani.
Wanting ahead, Ambani mentioned, “Reliance is getting into a brand new part of worth creation with its initiatives within the AI and new power domains. I’m assured that Reliance will play a pioneering function within the evolution of those epoch-defining applied sciences, offering sustainable options at scale for India and the world”.
To contact the writer, e-mail jov.onsat@rigzone.com
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