India’s Reliance: Revenue, EBITDA and Debt in FY2026
Read Reliance Industries’ FY2026 revenue, EBITDA and net debt, with the reporting units and limits of a financial-strength comparison kept clear.
October 24, 2026
Research reviewed: 24 October 2026. Figures below refer to the stated reporting period, not live stock prices.
Large revenue can make a company look powerful, but the more useful investigation also asks about earnings, cash generation and debt. Reliance Industries’ FY2025–26 financial review provides several distinct measures to examine.
The published FY2026 snapshot
For the year ended 31 March 2026, Reliance reports consolidated revenue of INR 1,175,919 crore, EBITDA of INR 207,911 crore and profit after tax of INR 95,754 crore. Net debt at the year end was INR 124,717 crore. See the company’s financial performance review.
Keep the units readable
One crore is ten million. A figure reported in crore should not be copied into a table labelled “million” without conversion. This article keeps the source’s INR-crore unit rather than mixing it with a separately chosen dollar exchange rate.
Use consolidated figures when investigating the group, and label standalone figures if you choose to discuss the individual parent company. Switching scope halfway through a comparison can produce a misleading result.
EBITDA is not the same as cash in the bank
EBITDA, profit after tax and net debt answer different questions. An earnings measure is not a bank balance, and an annual flow should not be confused with a balance-sheet amount at a specific date. Read the definitions and relevant financial statements together.
For a broader financial assessment, examine investment needs, financing arrangements and the timing of cash flows. Headline scale can identify a company worth studying, but it does not complete that work.
Does financial scale settle a trust question?
A customer may need evidence about delivery, service availability or a particular contract. Those questions cannot be resolved by a group revenue figure alone. Specify what you mean by “reliable” before selecting the evidence.
The trust checklist explains how to separate identity, certification, financial disclosure and service evidence.
Stock returns and the advertising crown
No share-price return is calculated in this article, and no security is recommended. The India throne is a different type of comparison: it is an advertising position determined by confirmed purchases.
For another way to read operating results, compare the SAP report guide. Keep the period, currency and accounting basis visible in any comparison you build.