Reliance Industries Ltd has scheduled its 49th annual general meeting for June 19, 2026, to be held through video conferencing at 2 pm. According to an exchange filing, the company has set June 5 as the record date for determining shareholders eligible to receive dividend for FY26. The board had earlier recommended a dividend of ₹6 per share for the financial year ended March 2026, which will be paid within seven days of the AGM approval. June 12, 2026, has been established as the cut-off date for determining members eligible to vote on resolutions at the AGM. Company Secretary and Compliance Officer Savithri Parekh signed the filing on May 27, 2026. The company announced distribution of nearly ₹8,119.48 crore to shareholders as the final dividend for fiscal 2026, with the final dividend subject to approval at the ensuing annual general meeting.
For the fourth quarter of FY26, Reliance Industries reported revenue from operations of ₹2.94 lakh crore, marking a 13% year-on-year increase from ₹2.61 lakh crore in the same quarter of the previous financial year. However, consolidated net profit declined 13% year-on-year to ₹16,971 crore, reflecting the impact of strategic investments and operational challenges. EBITDA came in at ₹44,141 crore, representing a marginal 1% growth from ₹43,832 crore in Q4 FY25, with margins at 15% compared to 16.8% in the year-ago period. Total income rose to ₹3.03 lakh crore compared to ₹2.69 lakh crore a year ago, while depreciation increased 10% to ₹14,808 crore due to higher depreciation in digital services from network assets. The company's consolidated revenue rose to ₹2.94 lakh crore compared with ₹2.65 lakh crore in the December quarter, driven by steady growth in retail and digital services. For the quarter, revenue rose 11% from the previous quarter, but operating income or EBITDA fell 4% sequentially and margin narrowed to 15.0% from 17.4%, marking the sharpest contraction in 14 quarters as lower operating performance weighed on earnings despite higher revenue growth.
For the full financial year FY26, Reliance Industries reported revenue of ₹11,75,919 crore, marking a 10% increase over FY25. Annual EBITDA rose 13.4% year-on-year to ₹2,07,911 crore, while profit after tax increased 17.8% to ₹95,754 crore. The company achieved a record net profit of ₹80,775 crore for FY26, marking a 16% increase from ₹69,648 crore in FY25. Finance costs increased 7% to ₹6,585 crore, mainly due to operationalisation of 5G spectrum assets, while depreciation was up 10% at ₹14,808 crore largely on account of higher depreciation in digital services from network assets.
Reliance Jio Platforms reported profit after tax of more than ₹30,000 crore during FY26, representing a 15.1% year-on-year increase. Reliance Retail Ventures also continued its growth trajectory, with annual profit nearing ₹14,000 crore, up 11.7%. Chairman and Managing Director Mukesh Ambani emphasized that "Jio continues to transform India's digital landscape" and the company is "advancing steadily towards the listing of Jio Platforms," calling it a defining milestone in the business's journey. The diversified business structure helped offset weakness in the global energy cycle through steady growth in telecom, retail and digital services.
The oil-to-chemicals (O2C) business showed mixed results with revenue rising to ₹1.85 lakh crore from ₹1.62 lakh crore QoQ and ₹1.65 lakh crore YoY. However, EBITDA fell to ₹14,520 crore versus ₹16,507 crore QoQ and ₹15,080 crore YoY, with margins compressing to 7.9% amid weaker refining margins. This performance reflects the challenging global energy environment that impacted the company's traditional energy businesses despite strong growth in digital and retail segments.
Shares of Reliance Industries ended at ₹1,350, down by ₹6.90, or 0.51% on the BSE on May 27, 2026. The AGM comes at a time when investors are closely tracking the conglomerate's consumer and digital businesses, which continued to drive earnings growth despite global energy environment challenges. The market will also be watching closely for any updates on the potential Reliance Jio IPO, which remains a key re-rating trigger for the stock. According to reports from The Economic Times, investors will closely watch for commentary around Reliance's next phase of investments, retail expansion, updates on Jio IPO and new energy businesses. The meeting will also cover the company's future investment plans and retail expansion strategies.
