Reliance Industries misses quarterly profit estimates as oil and gas revenue declines
Reliance Industries reported a quarterly profit of 186.45 billion rupees for the period ending December 31. This 5% miss was due to lower oil and gas revenue.
Insights:
Reliance Industries Limited reported a consolidated quarterly profit of 186.45 billion rupees for the quarter ended December 31, 2025. The results, announced on January 16, 2026, missed the analyst consensus estimate of 196.44 billion rupees. This approximately 5% shortfall highlights operational performance in a key business segment for the largest conglomerate by market capitalization in IN 
IN.
IN.The decline in revenue within the oil and gas segment was identified as the primary driver behind the earnings miss. Mukesh Ambani mukesh ambani, the billionaire owner of Reliance Industries Limited, oversees a diverse portfolio where the traditional energy business remains a significant component. The analyst consensus data for these results was compiled by LSEG.
