Cement & Cement Products company UltraTech Cement announced Q2FY26 results Q2FY26 Financial Highlights: Consolidated Net Sales was Rs 19,371 crore vs Rs 15,967 crore over the corresponding period of the previous year, registering a growth of 21.3%. Profit before interest, depreciation and tax was Rs 3,268 crore compared to Rs 2,253 crore. Profit after tax was Rs 1,232 crore compared to Rs 703 crore. Q2FY26 Business Highlights: UltraTech achieved a growth of 22.3% in domestic grey cement without considering the sales volumes of India Cements and Kesoram in the previous year since they were not part of UltraTech during that period. Energy costs were lower by 7% YoY, while raw material costs rose 5% on account an increase in the cost of flyash and slag. Operating EBITDA per ton for the existing UltraTech assets of 166.76 mtpa is at Rs 966 per ton. The acquired assets of India Cements and Kesoram have generated an operating EBITDA of Rs 386 per ton and Rs 755 per ton respectively. UltraTech’s domestic grey cement capacity is 186.86 mtpa, on a consolidated basis. Together with its overseas capacity of 5.4 mtpa, the Company’s global capacity stands at 192.26 mtpa Result PDF
Refineries/Petro-Products company Reliance Industries announced Q2FY26 results Q2FY26 Financial Highlights: Gross Revenue increased by 9.9% YoY to Rs 283,548 crore ($ 31.9 billion) RRVL revenue increased by 18.0% YoY, with significant growth across consumption baskets. Grocery and Fashion delivered market leading performance growing 23% and 22% respectively. Oil to Chemicals (O2C) revenue increased by 3.2% YoY. Production meant for sale increased 2.3% on a YoY basis. Oil and Gas segment revenue decreased by 2.6% YoY mainly on account of natural decline of production in KGD6, and lower condensate price realisation. EBITDA increased by 14.6% YoY to Rs 50,367 crore ($ 5.7 billion) JPL EBITDA increased by 17.7% YoY at Rs 18,757 crore primarily driven by revenue growth and 140 bps margin expansion RRVL EBITDA increased by 16.5% at Rs 6,816 crore YoY led by higher revenue with ramp-up in store-footprint and hyperlocal deliveries, favourable mix, and focus on operational efficiencies. O2C EBITDA increased by 20.9% YoY with sharp increase in transportation fuel cracks and, sustained volume growth in domestic fuel retailing. Oil and Gas segment EBITDA decreased by 5.4% YoY on account of lower KGD6 gas volumes, and higher operating costs on account of periodic maintenance activities. Depreciation increased by 11.9% YoY to Rs 14,416 crore ($ 1.6 billion) O2C EBITDA up 20.9% at Rs 15,008 crore, margin up 130 bps, Jio-bp volumes up 34% Jio subscriber base crossed the milestone of 500 million with Total subscriber base of 506 million Finance Costs increased by 13.5% YoY to Rs 6,827 crore ($ 769 million), largely due to operationalisation of 5G spectrum assets and higher liability balances. Profit After Tax and Share of Profit/(Loss) of Associates & JVs increased by 14.3% YoY to Rs 22,092 crore ($ 2.5 billion). Capital Expenditure for the quarter ended September 30, 2025, was Rs 40,010 crore ($ 4.5 billion) mainly towards investments in O2C capacity expansion, augmenting Jio Telecom network and Digital services, increasing retail footprint and building New Energy giga factories. Mukesh Ambani, Chairman and Managing Director, Reliance Industries said: “Reliance delivered a robust performance during 2QFY26 led by strong contribution from O2C, Jio and Retail businesses. Consolidated EBITDA registered 14.6% growth on a Yo-Y basis, reflecting agile business operations, domestic focused portfolio and structural growth in Indian economy. Digital services business continues to scale-up with positive momentum in subscriber addition across homes and mobility services, driven by Jio’s network and technology leadership. Jio’s innovative radio solutions and ubiquitous stand-alone 5G network have enabled it to provide broadband connectivity to households across India. We continue to augment our capabilities with pioneering systems and platforms, ensuring the benefits of ever-evolving technology landscape for all Indians. I am happy to highlight the growth momentum of our Retail business. All formats registered higher volume, propelling strong growth in both revenue and EBITDA. There has also been a sustained pick-up in our quick hyperlocal delivery model. The recently announced progressive reforms in GST regime provide a boost to continuing consumption-led growth. O2C business delivered robust growth on YoY basis, despite continued volatility in energy markets. Fuel margins recovered over previous year led by middle distillate cracks. Downstream chemicals continue to be impacted by overcapacity. Corrective steps by the industry stakeholders will help balance global downstream markets in the medium-term. Reliance’s operational delivery is supported by integrated assets, high mix of light-feed cracking, including a virtual ethane pipeline from the US, and strong focus on domestic markets. I am happy with the progress we are making in our new growth engines – new energy, media and consumer brands. I believe these businesses will build on Reliance’s legacy of creating industry leaders, focused on technology and innovation to provide Indian consumers the right products and services at the right price. Our initiatives in the AI domain are aimed at ensuring Reliance stays at the forefront of evolving technologies and leverage these capabilities for the benefit of India and Indians.” Akash Ambani, Chairman of Reliance Jio Infocomm, said, “Jio has proudly served over 500 million subscribers addressing multiple digital needs of their everyday life. This has been possible due to Jio's Deep-Tech initiatives which have sparked India's technological revolution and have become the backbone of our Prime Minister's Digital India Mission. Jio will continue to bring new age technologies and enhance the life of every Indian citizen. Jio has successfully delivered its indigenous technology stack at India scale and is now set to take our homegrown technology around the world”. Isha Ambani, Executive Director, Reliance Retail Ventures, said “Reliance Retail delivered strong performance during the quarter led by our relentless focus on operational excellence, investments in stores and digital platforms and festive buying across consumption baskets. GST rate changes will further accelerate consumption growth as consumers get the benefit of lower prices. Our success is a testament to our deep understanding of the consumer. We consistently innovate, from curating new collections to creating campaigns that connect with today's Indian consumer, and our focus remains on building brands that inspire and resonate across India". Result PDF