Reliance Industries Ltd (RIL) reported a strong performance for the July-September quarter (Q2 FY26), driven primarily by robust growth in its oil-to-chemicals (O2C) business, supported by contributions from Jio and retail.

The O2C segment recorded revenue of ₹1.61 lakh crore, compared with ₹1.55 lakh crore in the previous quarter and ₹1.56 lakh crore a year earlier. Segment EBITDA (earnings before interest, tax, depreciation and amortisation) rose 21% year-on-year to ₹15,008 crore, while margins improved to 9.4% from 8% in the same period last year.

Reliance said the O2C business delivered its highest-ever quarterly throughput at 20.8 million tonnes, up 3% year-on-year, supported by sustained high utilisation at its Jamnagar refinery, stronger domestic fuel demand and a sharp recovery

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