Divya Delhi: Reliance Industries, headed by Mukesh Ambani, reported a 77 percent increase in net income in the first quarter of the current financial year after selling a stake in Asian Paints. First-quarter net earnings were Rs 26,994 crore and sales grew 5.3 percent to Rs 2.5 lakh crore, driven by digital and retail revenues. A night company release stated that the company's EBITA margin rose to 17.25 percent from 16.41. Mukesh Ambani, Chairman and Managing Director, stated, “The performance of our businesses and growth initiatives gives me confidence that Reliance will continue its stellar track record of doubling every 4-5 years. He added, “During the quarter, energy markets experienced heightened uncertainty, with sharp crude price fluctuations. Our O2C business grew by fulfilling domestic demand and providing value-added solutions through Jio-bp. Improved fuel and downstream product margins boosted performance. Oil & Gas EBITDA fell somewhat due to KGD6 gas output reduction. “Reliance started FY26 with strong operational and financial performance. Mukesh Ambani, CMD of the company, stated 1Q FY26 consolidated EBITDA grew substantially amid global economic uncertainty.