Q1 Results Updates: Reliance Industries, L&T Finance, JSW Steel Profit Up; Hindustan Zinc, Jio Profit Falls

Companies announcing results on Saturday include HDFC Bank, ICICI Bank, RBL Bank, Yes Bank, JK Cement and more.

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Revenue from digital services rose 3% quarter-on-quarter to Rs 41,949 crore from Rs 40,861 crore. Growth was driven by continued subscriber additions and the full impact of a tariff hike taken four quarters ago. The company reported the highest subscriber additions in the last five quarters, although ARPU growth slowed as the impact of the tariff hike was fully priced in.

Follow all updates on L&T Finance's June quarter results here.

Revenue from the oil and gas segment fell 5% quarter-on-quarter to Rs 6,103 crore from Rs 6,440 crore. On a year-on-year basis, revenue declined 1.2% due to lower KGD6 gas volumes from natural decline in production, lower realisations from coal bed methane gas, and weaker crude price realisations.

This was partly offset by improved KGD6 gas prices, which averaged $9.97 per MMBTU in Q1 FY26 compared to $9.27 per MMBTU a year earlier. Average CBM gas prices were lower at $9.90 per MMBTU in the quarter. Average KGD6 production stood at 26.55 MMSCMD of gas and around 19,300 barrels per day of oil and condensate.

Reliance Jio Q1FY26 Highlights

• Revenue declines 3% at Rs 30,882 crore versus Rs 30,018 crore.

• Ebitda up 5% at Rs 15,852 crore versus Rs 16,690 crore.

• Ebitda margin expanded to 54.04% versus 52.81%.

• Net profit rises 1% at Rs 6,642 crore versus Rs 6,711 crore.

• ARPU rose 1.3% to Rs 208.8 versus Rs 206.2.

• Subscribers rise 2% to 498.1 million from 488.2 million.