In continuation of our letter of today''s date on the Unaudited Financial Results (Consolidated and Standalone) for the quarter and half year ended September 30, 2026, we attach a copy of media release being issued by the Company.

October 30, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, Dalal Street, G Block, Bandra - Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 500325 Trading Symbol: RELIANCE Dear Sirs, Sub: Media Release - Consolidated and Standalone Unaudited Financial Results for the quarter and half year ended September 30, 2026 In continuation of our letter of today’s date on the Consolidated and Standalone Unaudited Financial Results for the quarter and half year ended September 30, 2026, we attach a copy of Media Release being issued by the Company. The Consolidated and Standalone Unaudited Financial Results for the quarter and half year ended September 30, 2026, approved by the Board of Directors and the Media Release thereon are also available on the website of the Company at https://www.ril.com/investor/resource-center/corporate-announcements. This is for information and records. Thanking you Yours faithfully, For Reliance Industries Limited Savithri Parekh Company Secretary and Compliance Officer Encl.: as above Copy to: Luxembourg Stock Exchange Singapore Exchange Limited 35A Boulevard Joseph II, 2 Shenton Way, #02-02 SGX Centre 1, L-1840 Luxembourg Singapore 068804 Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India Phone #: +91-22-3555 5000, Telefax: +91-22-2204 2268. E-mail: investor.relations@ril.com, Website: www.ril.com CIN- L17110MH1973PLC019786 Media Release 30th October, 2026 CONSOLIDATED RESULTS FOR QUARTER ENDED 30TH SEPTEMBER, 2026 Highest ever Revenue at ₹ 362,268 crore, up 27.8% Y-o-Y Record quarterly EBITDA at ₹ 62,409 crore, up 23.9% Y-o-Y Quarterly PAT hits new high of ₹ 29,550 crore, up 33.8% Y-o-Y 1H FY27 PAT crosses ₹ 50,000 crore mark Best ever O2C business performance, EBITDA at ₹ 25,203 crore, up 67.9% Y-o-Y Digital Services EBITDA at ₹ 22,223 crore up 17.7% Y-o-Y JPL has momentous capital market debut as India’s 2nd most valuable company CONSOLIDATED FINANCIAL HIGHLIGHTS (₹ in crore) Sr. Particulars 2Q 1Q 2Q % chg. 1H 1H FY26 No. FY27 FY27 FY26 Y-o-Y FY27 FY26 1 Gross Revenue 362,268 340,257 283,548 27.8 702,525 556,800 1,175,919 2 EBITDA 62,409 54,067 50,367 23.9 116,476 99,467 207,911 3 EBITDA margin (%) 17.2 15.9 17.8 (60 bps) 16.6 17.9 17.7 4 Depreciation 15,315 15,100 14,416 6.2 30,415 28,258 57,688 5 Finance Costs 8,481 8,337 6,827 24.2 16,818 13,863 27,061 6 Profit Before Tax 38,613 30,630 29,124 32.6 69,243 57,346 123,162 7 Tax Expenses 9,363 7,629 6,978 34.2 16,992 13,443 27,552 8 Profit After Tax 29,250 23,001 22,146 32.1 52,251 43,903 95,610 9 Share of Profit/(Loss) 300 195 (54) - 495 48 144 of Associates & JVs 10 Profit After Tax and 29,550 23,196 22,092 33.8 52,746 43,951 95,754 Share of Profit/(Loss) of Associates & JVs 11 Capital Expenditure# 38,153 38,682 40,010 76,835 69,885 144,271 12 Outstanding Debt 384,952 369,705 348,230 384,952 348,230 374,421 13 Cash & Cash 267,812 246,791 229,685 267,812 229,685 249,704 Equivalents 14 Net Debt 117,140 122,914 118,545 117,140 118,545 124,717 15 Net Debt to EBITDA* 0.47 0.57 0.59 0.50 0.60 0.60 1H FY26 EBITDA excludes ₹ 8,924 crore being proceeds of profit from sale of listed investments for comparison 2Q FY27 &1H FY27 PAT at record levels, on recurring basis # Excluding amount incurred towards spectrum * Annualized Registered Office: Corporate Communications: Telephone : (+91 22) 3555 5000 Maker Chambers IV Maker Chambers IV Telefax : (+91 22) 3555 5185 3rd Floor, 222, Nariman Point 9th Floor, Nariman Point Internet : www.ril.com; investor.relations@ril.com Mumbai 400 021, India Mumbai 400 021, India CIN : L17110MH1973PLC019786 Page 1 of 22 Media Release Quarterly Performance (2Q FY27 vs 2Q FY26)  Gross Revenue increased by 27.8% Y-o-Y to ₹ 362,268 crore ($ 37.8 billion). o JPL revenue increased by 11.3% Y-o-Y driven by continued subscriber additions, ARPU increase and healthy growth in digital services. o RRVL revenue grew 6.4% Y-o-Y to ₹ 91,716 crore, with performance impacted by the festive calendar shift to Q3. o Oil to Chemicals (O2C) revenue increased by 44.2% Y-o-Y led by sharp increase in crude and product prices. Crude price for the quarter increased 40.6%, whereas transportation fuel prices were up 50-78% Y-o-Y. Prices for most of the downstream chemical products were up 25-35% Y-o-Y, driven by strong feedstock prices. o Oil and Gas segment revenue was stable Y-o-Y. KGD6 gas production as well as price realization was lower, which was offset by higher condensate price realization. Further, improved volumes and price realization for CBM supported revenues.  EBITDA increased by 23.9% Y-o-Y to ₹ 62,409 crore ($ 6.5 billion). o JPL EBITDA increased by 16.6% Y-o-Y with strong revenue growth and margin expansion of 250 bps Y-o-Y. o RRVL EBITDA decreased 8.6% Y-o-Y to ₹ 6,228 crore, with margin at 7.8%, down 120 bps Y-o- Y, reflecting planned investment phase in Digital Commerce, input-cost inflation absorbed for customers, and the festive shift to Q3. o O2C EBITDA increased by 67.9% Y-o-Y with a steep rise in transportation fuel cracks and downstream petrochemical margins. Fuel cracks were up 3-3.7x in a very tight global refining environment. Polyester chain margins improved sharply by 33%, led by 15% higher PX delta and 52% increase in PTA delta. Earnings were constrained by higher crude oil premiums, elevated freight rates, SAED related costs and under-recoveries in domestic fuel retail. o Oil and Gas segment EBITDA was lower by 2.0% on Y-o-Y basis on account of declining KG D6 gas revenues and higher GoI levies. This was partly offset by favourable movement in exchange rate. Registered Office: Corporate Communications: Telephone : (+91 22) 3555 5000 Maker Chambers IV Maker Chambers IV Telefax : (+91 22) 3555 5185 3rd Floor, 222, Nariman Point 9th Floor, Nariman Point Internet : www.ril.com; investor.relations@ril.com Mumbai 400 021, India Mumbai 400 021, India CIN : L17110MH1973PLC019786 Page 2 of 22 Media Release  Depreciation increased by 6.2% Y-o-Y to ₹ 15,315 crore ($ 1.6 billion), largely on account of higher depreciation in Digital Services with capitalisation of 5G assets.  Finance Costs increased by 24.2% Y-o-Y to ₹ 8,481 crore ($ 885 million), largely due to higher liability balances and capitalisation of 5G assets.  Tax Expenses increased by 34.2% Y-o-Y at ₹ 9,363 crore ($ 977 million).  Profit After Tax and Share of Profit/(Loss) of Associates & JVs increased by 33.8% Y-o-Y to ₹ 29,550 crore ($ 3.1 billion).  Capital Expenditure for the quarter ended 30th September 2026, stood at ₹ 38,153 crore ($ 4.0 billion). The capex was largely driven by investments in the O2C and New Energy projects under implementation, and on building and expanding the infrastructure and distribution reach of the consumer businesses. Registered Office: Corporate Communications: Telephone : (+91 22) 3555 5000 Maker Chambers IV Maker Chambers IV Telefax : (+91 22) 3555 5185 3rd Floor, 222, Nariman Point 9th Floor, Nariman Point Internet : www.ril.com; investor.relations@ril.com Mumbai 400 021, India Mumbai 400 021, India CIN : L17110MH1973PLC019786 Page 3 of 22 Media Release Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “This week marked a historic moment in Reliance’s value creation journey with Jio’s record-setting listing on Indian bourses. With over 22x subscription, and strong listing appreciation, the issue has set multiple global benchmarks. JPL is now India’s second largest company. It demonstrates the depth of confidence investors place in Jio’s solid foundation and strong growth visibility. I am proud to witness the rejuvenation of “the equity cult” originally pioneered by our founder-chairman during the 1977 Reliance IPO. During 2Q FY27, our businesses delivered a strong performance despite a complex operating environment. Commodity markets remained volatile while geopolitica [Showing first 8,000 characters — download PDF for full document]