Reliance Industries announces fundraising, to raise Rs 15,000 crore through NCDs

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In an exchange filing, the Mukesh Ambani-led company said its board had approved an enabling resolution authorising the issuance of listed, secured or unsecured, redeemable non-convertible debentures worth up to Rs 15,000 crore.

The proposed issuance will be undertaken in one or more tranches through the private placement route.

Reliance Industries has approved plans to raise up to Rs 15,000 crore through non-convertible debentures via private placement. The fundraising announcement came with the company's Q2 earnings where it reported a 41% year-on-year rise in net profit to Rs 25,548 crore.

"We wish to inform you that the Board of Directors of the Company, at its meeting held today has passed an enabling resolution authorising the issuance of listed, secured / unsecured, redeemable non-convertible debentures up to Rs. 15,000 crore (Rupees Fifteen Thousand Crore only), in one or more tranches, on private placement basis," RIL said in the filing.

As of September 30, 2026, the company's outstanding non-convertible debentures stood at approximately Rs 39,389 crore, before accounting for prepaid finance charges and fair valuation impact. Of this, secured NCDs accounted for approximately Rs 20,000 crore.

During the September quarter, RIL also issued listed, unsecured, redeemable non-convertible debentures worth approximately Rs 12,000 crore (PPD Series Q) through private placement.

Commenting on the quarterly performance, Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said the company's businesses delivered a strong performance despite a complex operating environment.

"During the second quarter, our businesses delivered a strong performance despite a complex operating environment. Commodity markets remained volatile while geopolitical tensions continued to weigh on global supply chains. Against this backdrop, the domestic orientation of our portfolio, combined with operational discipline and versatility of our integrated businesses, helped Reliance navigate external volatility effectively," Ambani said.

RIL Q2 Results

Reliance Industries reported a 41% YoY increase in consolidated net profit to Rs 25,548 crore for the September quarter, compared with Rs 18,165 crore in the corresponding period last year.

Revenue from operations increased 29% to Rs 3.32 lakh crore from Rs 2.58 crore a year ago, supported by growth in its oil-to-chemicals (O2C) and Jio businesses.

On a sequential basis, consolidated net profit rose 27% from Rs 23,196 crore in the June quarter, while revenue increased 6% from Rs 3.11 lakh crore.

EBITDA during the quarter climbed 15% from Rs 54,067 crore. However, the consolidated EBITDA margin contracted 60 basis points to 17.2%, compared with 17.8% in the year-ago period. Sequentially, the margin improved from 15.9% in the preceding quarter.

Jio Platforms reports 14% profit growth in maiden post-listing results

Jio Q2 Results

Earlier on Friday, Jio Platforms reported a 14% YoY increase in consolidated net profit to Rs 8,389 crore for the September quarter, in its maiden earnings announcement following its stock market debut earlier in the week.

The performance was supported by healthy subscriber additions, growth in its digital services business and a marginal increase in average revenue per user (ARPU).

Revenue from operations rose 11% to Rs 40,475 crore from Rs 36,332 crore in the corresponding period last year.

On a sequential basis, net profit increased 8% from Rs 7,765 crore reported in the June quarter, while revenue grew 3% quarter-on-quarter.

Jio Platforms' quarterly results mark its first earnings announcement following its October 28 stock market debut. The company's shares listed at Rs 1,358, representing a premium of 21% over its IPO price of Rs 1,119.

EBITDA for the quarter increased 17% YoY, driven by revenue growth, operating leverage and a 250-basis-point expansion in margins.

Reliance Industries share price

Ahead of the quarterly results announcement, Reliance Industries shares ended Friday's trading session at Rs 1,164.90 on the NSE, down from their previous close of Rs 1,167.40.

During the session, the stock traded in a range of Rs 1,152.50 to Rs 1,174.60.

Reliance Industries shares have remained under pressure this year, declining 26%, according to NSE data.

At the prevailing market price, the company's market capitalisation stood at Rs 15,76,405.44 crore, making it the most valuable listed company in India.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here