Reliance Industries has released its latest quarterly results along with its dividend announcement for FY26.
Staying consistent with its past trend, the company has recommended one final dividend for the year.
For FY26, the board has proposed a dividend of Rs 6 per share (face value Rs 10), subject to shareholder approval at the upcoming Annual General Meeting (AGM).
The company has not yet announced the record date or the AGM schedule. Investors will have to wait for further updates.
For comparison, Reliance had paid a dividend of Rs 5.5 per share in FY25.
Profit Takes a Hit in Q4
The March quarter wasn’t very strong on the profit front.
Reliance reported a 12% year-on-year drop in net profit to Rs 16,971 crore, compared to Rs 19,407 crore last year.
On a quarterly basis, profit also fell by nearly 9%.
The company attributed this decline to:
Rising finance costs
Depreciation from new investments like 5G spectrum
Global uncertainties, especially tensions in the Middle East
Speaking on the results, Mukesh D. Ambani said global challenges like volatile energy prices and shifting trade patterns impacted businesses worldwide.
Revenue Growth Remains Strong
Despite the drop in profit, revenue told a more positive story.
Reliance’s total revenue rose nearly 13% year-on-year to Rs 2.98 lakh crore in Q4.
This shows that the company’s core business operations are still growing steadily.
However, on a quarter-on-quarter basis, revenue declined by around 11%, indicating some short-term pressure.
EBITDA Stays Stable
The company’s operating performance remained largely steady.
EBITDA stood at Rs 48,737 crore, showing almost no change compared to last year.
This stability was mainly supported by strong performance in domestic consumer businesses, which helped balance global challenges.
What’s Happening With the Share Price?
Reliance’s stock has been under pressure recently.
The shares closed at Rs 1,331 on Friday, down about 1% for the day.
Looking at the trend:
Down nearly 6% in the last one month
Fallen over 10% in six months
Dropped more than 15% so far this year
The Bottom Line
Reliance Industries continues to reward shareholders with a steady dividend.
But the latest results show that global challenges and rising costs are impacting profitability.
While revenue growth and stable operations offer some comfort, investors will be watching closely for signs of recovery in the coming quarters.
