Reliance sees mixed Q1 in energy segments amid price volatility
Reliance Industries recorded a mixed financial performance in the first quarter of FY26. Its Oil-to-Chemicals (O2C) segment posted a 10.8 per cent year-on-year increase in EBITDA, supported by stronger fuel retail margins and higher transportation fuel cracks. However, segment revenue declined 1.5 per cent due to lower crude prices and planned shutdowns that reduced output. The company’s domestic fuel supply through the Jio-bp network played a role in supporting margins in the O2C business. Chairman…