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News Topical, Digital Desk : Reliance Industries Ltd. achieved a historic milestone in fiscal year 2026, reporting a net profit of over $10 billion for the first time, becoming the first Indian company to do so. Operating profit for the country's largest company rose 13.4% to $22 billion, reflecting a strong annual growth rate of 16.3% over the past five years.

This performance was driven by the company's consumer business, which accounted for more than half of consolidated operating profit. EBITDA increased 13.4% to $21.9 billion, while revenue rose nearly 10% to $124 billion.

Who had what share in the profit?
Reliance Industries' standalone contribution was ₹43,851 crore out of the total profit (including minority interest) of ₹95,754 crore. Jio Platforms Ltd also performed strongly, reporting a profit of over ₹30,000 crore, while Reliance Retail Ventures Limited contributed nearly ₹14,000 crore, a growth of 18% year-on-year. The company continued to invest in expansion and growth projects. Capex for the year ended March 31, 2026, stood at ₹1.44 lakh crore ($15.2 billion), a 10% increase over the previous year. During this period, the company made progress in the O2C and New Energy businesses, and further strengthened Jio and retail network and infrastructure. Commenting on the results, Mukesh Ambani said that FY26 faced challenges such as global geopolitical tensions, volatility in energy prices, and business changes, but both India and Reliance demonstrated resilience and successfully navigated these circumstances. Reliance Industries. 

India's most valuable company, topped the market capitalization chart with a market cap of approximately $191 billion, followed by HDFC Bank and Bharti Airtel with valuations of $128 billion and $117 billion, respectively.


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