Reliance Q2 Results Today: RIL Shares Near 52-Week Low, What Profit Estimates, Jio Platforms First Results and Key Levels Say
- October 30, 2026
- Posted by: Harsh Piplani
- Category: News
Reliance Industries reports Q2 FY27 results today, 30 Oct 2026, with analysts expecting consolidated net profit of about Rs 21,100 to 22,110 crore on revenue of Rs 3.12 to 3.15 lakh crore, while RIL shares trade near Rs 1,160, close to their 52-week low.
Quick Answer
Reliance Q2 results are due today, 30 October 2026, and the board will also consider raising funds through non-convertible debentures. Analysts expect net profit of Rs 21,100 to 22,110 crore, up 16% to 20% from Rs 18,165 crore a year ago, led by a recovery in oil-to-chemicals. RIL shares opened at Rs 1,170.40 on the NSE but slipped to about Rs 1,160, near the 52-week low of Rs 1,152.20. This article is educational and uses estimates, because the actual numbers were not out when it was written.
The Reliance Q2 results arrive at an unusual moment. The stock is down about 22% over 12 months, Jio Platforms listed only two sessions ago, and the same day brings the first quarterly numbers from the newly listed telecom company. This article explains what the Street expects from the Reliance Q2 results, how the stock has behaved, which numbers matter most and what could surprise.
Two flags first. The Reliance Q2 results were not public at the time of writing, so every profit and revenue figure below is an estimate. One Upstox headline says profit may grow up to 24%, but the article body gives 16% to 20%, and 24% matches the top of the revenue range instead. Read the actual filing before drawing any conclusion.
Click Here – Get Free Investment Predictions
Reliance Q2 Results Today: What the Street Expects
| Reliance Q2 results: metric | Estimate (Q2 FY27) | Year ago (Q2 FY26) | Previous quarter |
|---|---|---|---|
| Consolidated revenue | Rs 3.12 to 3.15 lakh crore, up 23% to 24% | Rs 2.54 lakh crore | Rs 3.09 lakh crore |
| Net profit (attributable) | Rs 21,100 to 22,110 crore, up 16% to 20% | Rs 18,165 crore | Rs 20,946 crore |
| EBITDA | Rs 51,000 to 53,000 crore, up 15% to 17% | Implied about Rs 44,300 to 45,300 crore | Not stated |
Other previews sit in the same zone. One expects about Rs 20,900 crore of profit and calls retail the weak link, while another says profit may top Rs 21,000 crore as refining and Jio drive earnings. The spread between them is small, so the Reliance Q2 results will be judged less on the headline profit and more on the mix between segments.
Track Nifty 50 stocks and screeners on Univest
Segment Watch: What Drives the Reliance Q2 Results
| Reliance Q2 results: segment | What analysts expect | What to check in the filing |
|---|---|---|
| Oil-to-chemicals | Recovery in the oil-to-chemicals business, helped by strong refining margins and a weaker rupee | Gross refining margin against Singapore benchmarks, and the effect of crude near $113 to $117 per barrel |
| Jio Platforms | Subscriber additions and higher ARPU | ARPU, subscriber base and the first results since listing |
| Reliance Retail | Seen as the weak link in some previews | Same-store growth and margin trend in a festive quarter |
| Oil and gas | Watched alongside the other two | Production and realisation trend |
| New energy | Management commentary on the outlook | Capital spending pace and timelines |
The oil-to-chemicals business is the swing factor in the Reliance Q2 results. It usually carries the largest share of EBITDA, so a beat or a miss there moves the consolidated figure more than any other line. Crude at these levels cuts both ways, since higher prices lift refining spreads but also raise input costs and working capital needs.
Reliance Q2 Results and the Share Price: How RIL Has Moved
| Reliance Q2 results: price data | Figure |
|---|---|
| Previous close (29 Oct) | Rs 1,167.40 on NSE |
| Opening price today | Rs 1,170.40 |
| Day high and low so far | Rs 1,174.60 and Rs 1,157.10 |
| Price at about 11 am | Rs 1,160.30, down 0.61% |
| 52-week high (weekly data) | Rs 1,611.80, in the week of 5 Jan 2026 |
| 52-week low (weekly data) | Rs 1,152.20, in the week of 12 Oct 2026 |
| Change over about 12 months | Down about 22% |
| Options-implied move to November expiry | About 5.6%, or Rs 1,110 to Rs 1,242 |
Upstox says the stock is down about 25% this year, while the weekly price series used here shows about 22% over 12 months. The two figures measure different windows, so neither is an error. Both say the same thing: RIL has underperformed, and the Reliance Q2 results arrive with the share price within about 1% of its yearly low.
The options market sets a wide band. An implied move of about 5.6% means traders expect the stock to land between roughly Rs 1,110 and Rs 1,242 by November expiry. A result that lands inside the estimate range may produce a modest reaction, while a miss in oil-to-chemicals or retail could push the price below the 52-week low.
Download the Univest iOS App or Univest Android App to get stock updates and screeners in one place.
Valuation Snapshot Before the Reliance Q2 Results
| Reliance Q2 results: valuation metric | RIL | Reference |
|---|---|---|
| Market capitalisation | About Rs 15,81,615 crore | Largest listed company by value |
| Price to earnings | 17.94 | Industry P/E 14.94 |
| Price-to-book | 1.75 | Book value Rs 668.04 |
| Earnings per share (TTM) | Rs 65.15 | Before Q2 FY27 is added |
| Return on equity | 8.94% | Moderate for a group of this size |
| Debt to equity | 0.44 | Consolidated |
| Dividend yield | 0.51% | Low, as the group reinvests |
At 17.94 times earnings against an industry figure of 14.94, RIL trades at a premium to its peer group even after a 22% fall. That premium reflects the mix of telecom, retail and new energy, which sits outside a pure refiner. If the Reliance Q2 results confirm profit growth near 16% to 20%, the trailing multiple would shrink on its own, since earnings per share would rise.
The Jio Platforms Link in the Reliance Q2 Results
Jio Platforms listed on 28 October and is reporting its own Q2 FY27 numbers today. Jio is still consolidated in Reliance, so the Reliance Q2 results will carry the telecom contribution, while the Jio Platforms results show it on a standalone basis for the first time. Investors will compare the two sets for ARPU, subscriber additions and margin.
Earlier Univest coverage tracked the listing-day move, the Reliance Group market capitalisation crossing Rs 30 lakh crore and the ranking changes that followed. Those events changed how the market values the group, and today’s numbers test that valuation against actual earnings. The board will also consider a fundraise through non-convertible debentures, but the reports do not give a size, tenor or price.
What to Watch in the Reliance Q2 Results
- Net profit against the Rs 21,100 to 22,110 crore range. A result at the low end would sit near the Rs 20,946 crore of the previous quarter.
- EBITDA near Rs 51,000 to 53,000 crore. Margin direction matters as much as the absolute figure.
- Oil-to-chemicals margin. Check the gross refining margin and the contribution of chemicals.
- Retail growth. Some previews flag it as the weak link, so any surprise here would stand out.
- Jio Platforms ARPU and subscribers. Compare Jio’s standalone figures with the consolidated telecom line.
- NCD size. Look for the amount and cost of the proposed debentures.
- Management commentary. New energy timelines and the outlook for the second half carry weight.
Risks Around the Reliance Q2 Results
- Estimates are not results. Previews differ and the actual figures can land outside any range.
- Crude volatility. Brent near $113 to $117 can lift margins one week and squeeze demand the next.
- Rupee and margins. A weaker rupee helps exports but raises import costs.
- Market backdrop. The Nifty 50 closed at 22,936.75 on Thursday, and a weak index can overpower a good result.
- Post-result drift. Large stocks sometimes move the opposite way after results, so a day’s reaction is not a verdict.
Conclusion: Read the Reliance Q2 Results Before Acting
The Reliance Q2 results come with a profit estimate near Rs 21,000 crore, a stock close to its 52-week low and the first Jio Platforms numbers as a listed company. Compare the filing with the estimate range, study segment margins and keep position size in line with your own risk profile. This article is educational and not a recommendation.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
When are the Reliance Q2 results and what is on the board agenda?
Ans. Reliance Industries sets 30 October 2026 for its Q2 FY27 results. The same board meeting will consider raising funds through non-convertible debentures, though the reports give no size, tenor or pricing. Jio Platforms reports its own Q2 numbers on the same day.
What profit do analysts expect in the Reliance Q2 results?
Ans. Previews point to consolidated net profit of about Rs 21,100 to 22,110 crore, up 16% to 20% from Rs 18,165 crore a year ago. Revenue is expected at Rs 3.12 to 3.15 lakh crore and EBITDA at Rs 51,000 to 53,000 crore. One preview puts profit nearer Rs 20,900 crore.
Why are RIL shares near the 52-week low before the Reliance Q2 results?
Ans. The stock is down about 22% over 12 months and about 25% this year by one count, and it trades near Rs 1,160 against a 52-week low of Rs 1,152.20. The reports do not give one single cause, so treat the fall as a mix of market weakness, crude and valuation concerns.
Which segment matters most in the Reliance Q2 results?
Ans. Oil-to-chemicals is expected to drive much of the EBITDA growth, helped by strong refining margins and a weaker rupee. Retail is flagged as the weak link in some previews. Jio Platforms ARPU and subscriber additions also draw attention.
How much could RIL move after the Reliance Q2 results?
Ans. Options pricing implies a move of roughly 5.6% by November expiry, or about Rs 1,110 to Rs 1,242. That is a market estimate, not a forecast, and the actual move can be larger or smaller.
Is RIL expensive before the Reliance Q2 results?
Ans. RIL trades at a price to earnings of 17.94 against an industry figure of 14.94, and a price-to-book of 1.75. That is a premium to the peer group, but the group also owns telecom and retail businesses that a pure refiner does not. Valuation alone does not decide a result reaction.
Does the Jio Platforms listing change the Reliance Q2 results?
Ans. Jio is still consolidated in Reliance, so its performance feeds the group numbers. The difference is that Jio Platforms now reports separately as a listed company, which lets investors compare the two sets. Check both filings for ARPU and margin.
Is this article investment advice?
Ans. No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.
