Reliance Industries Share Price Jumps Over 3% After Q2 Results, Hits 3-Month High

RIL Share Price: Shares of Reliance Industries, India’s largest private sector company, rose as much as 3.36 per cent in early trade on Monday, October 20, after the firm reported its July–September quarter (Q2 FY26) results. This marked the third consecutive session of gains for the stock. With today’s gain, the shares have risen 6.7 per cent in the last three days.

At 11:30 AM, RIL share price traded at Rs 1,461.20 apiece on the NSE, up 3.13 per cent from previous close. During the session, the stock touched an intraday high of Rs 1,466.70 per share, up 3.36 per cent.

According BSE analytics, Reliance shares have gained nearly 20 per cent so far in 2025.

RIL Q2FY26 Results

The Mukesh Ambani-led company on Friday, October 17, reported a consolidated gross revenue of Rs 2.83 lakh crore for the quarter under review, an increase of 9.9 per cent from Rs 2.58 lakh crore in the corresponding quarter of the previous fiscal. The growth was driven by strong performance across its Oil-to-Chemicals (O2C), telecom (Jio), and retail businesses.

RIL posted a consolidated profit after tax (PAT) of Rs 22,092 crore for the quarter, up 14.3 per cent from Rs 19,323 crore in the same period last year.

EBITDA rose 14.6 per cent year-on-year to Rs 50,367 crore, reflecting strong operational performance across businesses. The company’s EBITDA margin improved by 80 basis points to 17.8 per cent, supported by higher refining margins, robust expansion in its retail segment, and steady growth in digital services.

Group CFO V Srikanth said the company had delivered a “strong performance and continuing strength in the balance sheet,” highlighting that the “quality of numbers is just getting better and better over the years and quarters, giving tremendous stability to earnings.”

Reliance Industries Segment Wise Q2 Results (YoY)

Oil-to-Chemicals (O2C): Revenue from the O2C business rose 3.2 per cent year-on-year (YoY) to Rs 1,60,558 crore, led by stronger transportation-fuel cracks, higher polymer margins and increased domestic fuel retail volumes through Jio-bp. Production meant for sale grew 2.3 per cent.

EBITDA climbed 20.9 per cent to Rs 15,008 crore, with margins improving 130 basis points to 9.3 per cent on better refining spreads and an improved product mix. 

Digital Services (Jio Platforms Ltd): Jio Platforms posted a 14.9 per cent YoY rise in revenue to Rs 42,652 crore, driven by subscriber growth across mobility and home broadband, higher average revenue per user (ARPU) and continued digital service expansion.

EBITDA increased 17.7 per cent to Rs 18,757 crore, while PAT grew 12.8 per cent to Rs 7,375 crore. Margins expanded 140 basis points to 51.6 per cent, aided by improved monetisation and operating efficiencies.

Jio’s subscriber base reached 506 million, with ARPU up 8.4 per cent YoY to Rs 211.4. Total data traffic rose 29.8 per cent to 58.4 billion GB, with 5G contributing over half of total wireless usage.

Retail (Reliance Retail Ventures Ltd): Reliance Retail reported revenue of Rs 90,018 crore, up 18 per cent YoY, led by growth in grocery (23 per cent), fashion and lifestyle (22 per cent) and consumer electronics (18 per cent).
EBITDA rose 16.5 per cent to Rs 6,816 crore, while PAT increased 17.2 per cent to Rs 3,439 crore. Margins stood at 8.6 per cent, down 20 basis points, reflecting continued investments in store expansion and hyperlocal delivery.

The business added 412 new stores during the quarter, taking the total count to 19,821 across 77.8 million sq. ft. The registered customer base grew 13 per cent to 369 million.

Oil and Gas (Exploration and Production): Revenue from the oil and gas segment fell 2.6 per cent to Rs 6,058 crore due to lower output from the KG-D6 block and softer condensate and CBM gas price realisations.
EBITDA declined 5.4 per cent to Rs 5,002 crore, with margins easing 240 basis points to 82.6 per cent. The company realised an average gas price of 9.97 dollars per MMBTU, compared with 9.55 dollars a year earlier.

Media and Entertainment (JioStar): JioStar reported revenue of Rs 7,232 crore and record EBITDA of Rs 1,738 crore, implying a margin of 28.1 per cent. PAT stood at Rs 1,322 crore.

Performance was driven by strong digital and broadcast viewership, led by the India–England Test series, which became the most-watched ever on digital platforms with 170 million viewers. JioHotstar averaged 400 million monthly active users during the quarter.

Reliance Industries Post-Earnings Concall: Here’s What Management Said

Sriram Ramakrishnan, President of Battery and Energy Systems, said the company is on track to start up its first solar cell line next month at Jamnagar and will double its planned solar PV module capacity from 10 GW to 20 GW. He also announced progress on a 40 GWh battery gigafactory and said Reliance will begin generating renewable energy round-the-clock power “from next year.”

“We are building what will be the world’s largest new energy complex—nowhere else do you have the complete PV and battery ecosystem in one location,” Ramakrishnan said.

On the telecom front, Jio Platforms’ Head of Strategy, Anshuman Thakur, said the company is stepping up its push into artificial intelligence (AI). “Reliance Intelligence will invest in developing AI capabilities and infrastructure and take solutions to market through Jio,” he said.

Jio has already entered into a 70:30 joint venture with Meta to build AI tools for enterprises, while a gigawatt-scale data centre is being set up in Jamnagar in partnership with Google Cloud. The facility will be powered entirely by renewable energy.