Explained

Reliance Industries Ltd. reported a topline of ₹3.1 lakh crore in the first quarter of the current financial year, results of which were reported on Friday, July 17. This figure is higher than the full-year revenue of all but nine Indian companies in financial year 2026.

According to data compiled by CNBC-TV18, in comparison to the nine Indian companies who crossed annual revenue of ₹3 lakh crore in the previous financial year, Reliance Industries managed to pull that off in a single quarter, equivalent to a revenue of ₹1 lakh crore every month.

Besides Reliance Industries, only state-run companies, some financial institutions, and Tata Motors have reported annual revenue of ₹3 lakh crore or more during the financial year gone by.

Among the list of Public Sector companies with annual revenue in excess of ₹3 lakh crore is Life Insurance Corporation of India, the country’s largest insurer, who reported a topline of nearly ₹10 lakh crore for the full financial year. The list also includes companies such as Indian Oil Corporation, State Bank of India, ONGC, BPCL and HPCL, whose annual topline ranged between ₹4 lakh crore to ₹8 lakh crore.

Tata Motors was the only one non-PSU, non-financial company, who made that list, with a ₹3.4 lakh crore topline in financial year 2026. HDFC Bank and ICICI Bank complete that list with annual topline of ₹5 lakh crore and ₹3.1 lakh crore respectively. The banking topline is calculated by total income minus the interest expended.

How Did Reliance Industries Fare In Q1 FY27?

Reliance Industries reported a consolidated net profit of ₹20,946 crore for the quarter, which is ahead of the Bloomberg consensus estimates of ₹19,823 crore. The results were supported by resilient refining margins and steady growth seen across its consumer facing technology businesses, despite disruptions due to the Iran war.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) also reached a record ₹54,067 crore.

Commenting on the results, Chairman and Managing Director Mukesh D. Ambani said, “Reliance Retail delivered resilient growth this quarter, with steady performance across all consumption formats and channels. Our omni-channel presence continues to serve millions of Indian consumers and I am confident that it is well placed to benefit from India’s long-term consumption growth.”

The company said it aims to double its operating profit over the next three years through growth and improving business economics.

“The start to FY27 gives me reason to be optimistic about the year ahead as we move forward with phased commissioning of new energy projects and unlock value through the Jio IPO,” the Chairman added.

Shares of Reliance Industries also ended at the day’s high on Friday with a 2.5% advance ahead of the results announcement after market hours.

First Published: 

Jul 18, 2026 10:25 AM

IST