Navoiyuran doubled revenue and net profit in the first half of 2026

Reliance Industries, led by Mukesh Ambani, presented impressive financial results for the second quarter of the 2026-27 fiscal year (Q2 FY27). For the period from July to September 2026, the company's profit increased by 40.64% compared to the same period last year, reaching 25,548 crore rupees. Last year, the profit for the same period was 18,165 crore rupees.

Furthermore, the digital and telecommunications company Reliance, Jio Platforms, also released its quarterly reports. Jio's revenue grew by 11.3%, amounting to 47,485 crore rupees. As part of its operations, Reliance also began preparations to raise funds of up to 15,000 crore rupees.

Reliance Industries' operating income in the second quarter increased by 28.57%, reaching 332,861 crore rupees. In the same quarter last year, this figure was 258,898 crore rupees. Thus, the income increased by 73,963 crore rupees over the year. Operating income represents the total revenue received by the company from its core, day-to-day business operations. The company reported its quarterly results to the shareholders' market on Friday, and the growth in both profit and revenue indicates business stability.

Alongside the quarterly results, Reliance announced a capital raising plan. The company's board of directors approved the proposal to raise funds of up to 15,000 crore rupees. Unsecured debt obligations (NCDs) will be issued for this purpose. Simply put, NCDs are a type of loan that a company issues to investors to raise money, paying interest according to the agreement. These debt obligations cannot be converted into shares. Reliance plans to issue these bonds through private placements in one or more tranches. These bonds can be secured or unsecured.

Reliance's digital and telecommunications arm, Jio Platforms, also showed strong growth in the second quarter. The company's consolidated revenue increased by 11.3% compared to last year, reaching 47,485 crore rupees. This is significant growth compared to the same period last year. Jio's EBITDA also grew by 16.6%, reaching 21,879 crore rupees. EBITDA is a metric used to assess a company's earnings, reflecting profit before interest, taxes, and certain other expenses, helping to understand the income and operational status of the core business.

Jio's telecom services revenue, including mobile and internet, increased by 11%. Revenue from digital services grew by 16%. According to the company, the growth in operating profit and more efficient cost management contributed to an approximate 17% increase in EBITDA. Meanwhile, the company's margin improved by 250 basis points, or 2.5 percentage points, compared to last year.

For the first half of the 2026-27 fiscal year, i.e., from April to September 2026, Jio registered a Free Cash Flow of 32,130 crore rupees. This figure is 98% higher than the same period last year. Free Cash Flow shows how much money the company has left after covering operating expenses and necessary investments. It is calculated by subtracting Capital Expenditure from EBITDA.

In the second quarter, Jio also achieved two major milestones regarding its customer base. The company's 5G mobile customer base exceeded 300 million people. Additionally, the number of customers using fixed broadband internet for home and office exceeded 3 million. The company's total subscriber base reached 54.24 crore. Over the last 12 months, 3.6 crore new customers joined Jio. Jio's Average Revenue Per User (ARPU) grew to 218.8 rupees. The growth in this indicator signifies an improvement in the company's revenue per customer.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, called the listing of Jio Platforms on the stock market a historic achievement for the company. He noted that Jio's IPO attracted over 22 times subscription, and the shares showed significant growth during the listing. This demonstrates investor confidence in Jio's business and its future prospects. Ambani stated that Jio has become the second-largest company in India. He also emphasized that this is an important stage in the journey of increasing Reliance's value. Furthermore, he noted that Jio's listing gave new momentum to the beginning that the company's founder, Dhirubhai Ambani, started in 1977 through Reliance's IPO, connecting retail investors to the stock market. Jio Platforms' IPO worth 30,188 crore rupees was completed on October 28, 2026, becoming the largest IPO in India to date.

According to the financial report published on the portal openinfo.uz, Uzbektelecom demonstrated significant growth in net profit for the first nine months of 2026. Profit reached 1.4 trillion UZS, which is an increase of 4.3 times compared to last year's figures.

In the third quarter of 2026, covering the period from July to September, the company's net profit amounted to 484.0 billion UZS, exceeding the same figure in 2025 by 55.5%.

Furthermore, during the reporting period, Uzbektelecom reported growth in gross profit, operating profit, and revenue. Gross profit for the first nine months increased from 2.7 trillion UZS to 3.5 trillion UZS.

Profit from core activities grew by 48.4%, rising from 1.2 trillion UZS to 1.8 trillion UZS. The company's net revenue increased by 12.7% year-on-year, reaching 8.7 trillion UZS.

Uzbektelecom's balance sheet also expanded during this period: total assets increased by 34.2%, amounting to 17.9 trillion UZS. The company's equity grew by 51.3%, reaching 4.3 trillion UZS. Retained earnings increased by 329.7% to 1.4 trillion UZS, corresponding to the growth rate and level of net profit.

Meanwhile, Uzbektelecom's long-term bank loans increased from 7.2 trillion UZS to 8.5 trillion UZS over the nine-month period. The data posted on openinfo.uz indicates a substantial growth in Uzbektelecom's profitability and financial position from January to September 2026, alongside an increase in long-term borrowing.

Nazara Technologies announced on Monday that it achieved a profit after tax of approximately 35.3 crore rupees for the quarter ending September 30, 2026. This figure contrasts with a loss of approximately 34 crore rupees in the same period last year, as the gaming company demonstrated a 'record quarter' in revenue.

In the second quarter of the fiscal year 2026-27, revenue increased by 53% compared to the previous year, reaching a record 803 crore rupees. The EBITDA figure, which reflects the company's operating profitability, grew by 93% to 120 crore rupees, while the margin expanded by 311 basis points to 14.9%.

Profit after tax from continuing operations was 35 crore rupees, whereas in the second quarter of fiscal year 2026, there was a loss of 34 crore rupees. The second quarter of fiscal year 27 was the first to include Bluetile and BestPlay, consolidated from August 1. These two businesses generated revenue of 329 crore rupees (a 49% increase) and EBITDA of 64 crore rupees (a 64% increase) in their first two months, with a margin of 19.4% compared to 17.5%.

Game revenues grew by 122%, reaching 656 crore rupees, corresponding to an EBITDA margin of 21.5% and accounting for 82% of total consolidated revenue. Meanwhile, mobile game revenue jumped by 167%, amounting to 550 crore rupees.

Among existing studios, WildWorks showed a revenue growth of 41%, Kiddopia of 21%, and Curve Games of 27%, with Curve's EBITDA growing by 61%. Raymond A. Stauffer, CEO of Nazara Technologies, noted: 'This quarter demonstrates the company we are building: a portfolio of high-quality games on a single, unified platform.'

He added that 'every game we launch and every studio we acquire benefits from proven capabilities from the start, allowing us to scale faster and more profitably.' Stauffer, founder of Bluetile and BestPlay, took over as CEO on September 16. Mitun Sachati, founder of CaratLane, joined as Executive Director on October 12, subject to shareholder approval, and Arun Agarwal assumed the role of CFO on October 16. It is reported that the team as a whole will bring global gaming, operational, and financial experience to scale the Nazara platform.