Overview
- Consolidated Q3 FY26 revenue rose 10.5% to Rs 2,69,496 crore, but net profit edged up just 0.57% to Rs 18,645 crore.
- Operating profit increased 5% to Rs 46,018 crore as EBITDA margin declined by 90 basis points to 17.08%.
- Shares fell as much as 3.37% to an intraday low of Rs 1,406 on the NSE, erasing about Rs 65,000 crore in market value during morning trade.
- Jio Platforms delivered double-digit gains with net profit up 11.2% to Rs 7,629 crore, EBITDA up 16.4% to Rs 19,303 crore, margin at 51.8%, and ARPU at Rs 213.7.
- Reliance Retail posted subdued growth with net profit up 2.7% to Rs 3,551 crore, EBITDA up 1.3% to Rs 6,915 crore, margin down 60 basis points to 8%, and 431 new stores added to nearly 20,000 locations, as Mukesh Ambani called overall performance steady.