Reliance Q2 Results FY27 Preview: Results Date, Expectations and the Numbers That Will Decide the September 2026 Quarter

Key Snapshot: Reliance share price Rs 1,293.10 on 8 September 2026, down 1.25%. Q2 FY27 results date not confirmed. Q1 FY27 net profit Rs 20,946 crore. Q2 FY26 base Rs 18,165 crore. 52-week low Rs 1,249.80.

Quick Answer: Reliance Industries has not announced the date for its September 2026 quarter earnings, and no board meeting intimation had been filed with the exchanges as of 8 September 2026. The company reported the same quarter on 17 October 2025 last year, so a mid to late October announcement is the historical pattern rather than a confirmed schedule. The print will be judged against a September 2025 base of Rs 2,58,898 crore in revenue from operations and Rs 18,165 crore in net profit. The swing factors are O2C margins, Jio ARPU and whether Reliance Retail rebuilds the EBITDA margin it gave up in June.

The Reliance Q2 results FY27 announcement is the next major earnings event for Reliance Industries, one of India’s largest listed companies, and it lands at an awkward moment for the stock. Reliance shares traded at Rs 1,293.10 on the NSE on 8 September 2026, down 1.25%, only 3.5% above the 52-week low of Rs 1,249.80 and 19.8% below the 52-week high of Rs 1,611.80.

That gap between operating delivery and share price is what makes the Reliance Q2 results FY27 print matter. It is the first full quarter after Jio Platforms filed its draft prospectus, and the first in which the market can judge whether the O2C margin squeeze of Q1 FY27 was a one-quarter event. Anyone tracking Reliance Q2 results 2026 will read the segment tables before the headline profit line.

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When Is the Reliance Q2 Results FY27 Date?

The Reliance Q2 results date for FY27 is not officially confirmed. As of 8 September 2026, Reliance Industries had not filed a board meeting intimation with the NSE or BSE for the September 2026 quarter, so no date should be treated as fixed until that filing appears.

The company’s filing history is the only reliable guide to the Reliance Q2 results date. Reliance announced Q2 FY26 numbers on 17 October 2025 and Q1 FY27 numbers on 17 July 2026. Listing rules require quarterly results within 45 days of quarter end, placing the outer deadline in mid-November 2026. A mid to late October date is the reasonable expectation, with the exchange intimation usually landing one to two weeks before the board meets.

The Reliance Q2 results FY27 print covers 1 July 2026 to 30 September 2026, reported as consolidated numbers alongside segment disclosures for Jio Platforms, Reliance Retail, oil-to-chemicals and oil and gas.

Reliance Q2 Results Expectations: What the Market Is Actually Tracking

No verified consensus estimate for the Reliance Q2 results FY27 quarter is in the public domain, so no revenue or profit figure should be assumed. The Reliance Q2 results watchlist below comes from reported actuals and disclosed activity, not a forecast.

The first item is the O2C EBITDA margin. In Q1 FY27 the segment posted EBITDA of Rs 17,010 crore, up 17.2% YoY, but the margin compressed roughly 100 basis points to 8.4% as higher crude premiums, freight and insurance costs and domestic fuel under-recoveries ate into strong refining cracks. Margin stability here is the biggest single variable in Reliance Q2 earnings.

The second is Jio. Jio Platforms closed June with 533.3 million subscribers, about 285 million 5G users and ARPU of Rs 215.6, delivering EBITDA of Rs 20,865 crore at a 53.3% margin. Subscriber adds and ARPU decide how much operating leverage digital services adds to the Reliance Q2 results.

The third is Reliance Retail, where June wobbled. Gross revenue of Rs 90,408 crore grew 7.4%, but EBITDA of Rs 6,309 crore fell 1.1% YoY and the margin slipped 80 basis points to 7.9% as the company traded margin for scale in quick commerce. Reliance Q2 results expectations for retail rest on whether that trade-off pays back.

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Reliance Q1 FY27 Actuals Behind the Reliance Q2 Results Preview

Reliance Industries reported revenue from operations of Rs 3,11,850 crore in Q1 FY27, up 25.41% YoY from Rs 2,48,660 crore, and net profit attributable to owners of Rs 20,946 crore, down 22.41% from Rs 26,994 crore. These are reported actuals, not estimates.

The profit decline is the most misread number going into this Reliance Q2 results preview. The year-ago quarter carried a one-off gain of Rs 8,924 crore on the sale of listed investments. Strip it out and recurring profit was Rs 23,196 crore, up 6.12% YoY, on recurring EBITDA of Rs 54,067 crore, up 10.1%.

On QoQ growth, June was the strongest of the last four quarters, revenue up 4.4% and net profit up 23.4% over March 2026. Capex was Rs 38,682 crore and net debt Rs 1,22,914 crore, close to 0.60 times trailing EBITDA.

Segment	Q1 FY27 Revenue (Rs Cr)	YoY Growth	Q1 FY27 EBITDA (Rs Cr)
Oil to Chemicals	2,01,803	Up 30.4%	17,010
Reliance Retail	90,408	Up 7.4%	6,309
Digital Services (Jio Platforms)	45,961	Up 12.0%	20,865
Oil and Gas	6,298	Up 3.2%	4,973

Oil and gas was the weak spot, EBITDA down 0.5% YoY on lower KG D6 volumes. The segment is small in revenue but high in margin, so a volume decline flows almost directly into consolidated profit.

Reliance Q2 FY26 Base: The Comparison Reliance Q2 Results FY27 Must Beat

Reliance reported revenue from operations of Rs 2,58,898 crore and net profit of Rs 18,165 crore in Q2 FY26, announced on 17 October 2025. Both lines grew about 10% YoY, and EBITDA of Rs 50,367 crore rose 15% with the margin expanding roughly 80 basis points to 17.8%.

This base is more forgiving than the one June faced. The September 2025 quarter carried no large exceptional gain, so the YoY comparison in the Reliance Q2 results should be a clean operating read. Within that base, O2C EBITDA grew 20.9%, Jio revenue 14.9% and retail revenue 18%. Matching that retail rate would be a sharp turnaround from 7.4% in Q1 FY27.

Reliance Quarterly Results Trend Over the Last Four Quarters

Quarter	Revenue from Operations (Rs Cr)	Net Profit (Rs Cr)
Q2 FY26 (Sep 2025)	2,58,898	18,165
Q3 FY26 (Dec 2025)	2,69,496	18,645
Q4 FY26 (Mar 2026)	2,98,621	16,971
Q1 FY27 (Jun 2026)	3,11,850	20,946

Revenue rose in each of the last four quarters, from Rs 2,58,898 crore to Rs 3,11,850 crore, a gain of 20.5%. Net profit was less linear, dipping to Rs 16,971 crore in March 2026 before recovering to Rs 20,946 crore. The March quarter carried a dividend of Rs 6 per share.

That pattern sets the frame for the Reliance Q2 results 2026 announcement. Topline growth has come mainly from O2C throughput and pricing, while profit has been governed by margin and exceptional items, so the Reliance Q2 results should be read from the EBITDA line and segment margins, not the revenue headline.

Key Factors That Could Shape Reliance Q2 Results FY27

Crude Premiums and the O2C Margin

O2C contributed about 64.7% of Q1 FY27 segment revenue, so its margin sets the shape of the quarter. Crude premiums, freight and insurance costs and fuel under-recoveries drove the 100 basis point squeeze in June. A firmer dollar raises the rupee cost of crude input, and that is the mechanism to watch in the Reliance Q2 results.

Jio ARPU and the Tariff Question

Jio ARPU of Rs 215.6 in Q1 FY27 is the reference point for the Reliance Q2 results. Any change from plan mix, home broadband adds or an industry tariff revision flows straight into digital services EBITDA, because incremental telecom revenue carries high drop-through. No tariff action has been confirmed.

Reliance Retail Margin Recovery

Reliance Retail crossed 20,000 stores in Q4 FY26 and JioMart runs more than 3,100 quick commerce stores across 1,200-plus cities. The September quarter captures pre-festive stocking rather than festive sell-through, so the read is on margin discipline and store economics.

The Jio Platforms Listing

SEBI cleared the Jio Platforms initial public offering on 28 August 2026, a fresh issue of up to 27 crore shares of face value Rs 10 each, roughly 2.9% of post-issue equity and an issue size near Rs 37,700 crore. The price band is not announced. Management guidance on listing timing alongside the Reliance Q2 results could move the stock as much as the numbers.

Capex, Net Debt and New Energy

Capex of Rs 38,682 crore in one quarter against net debt of Rs 1,22,914 crore is the balance the company is managing. Reliance has produced roughly 1 GWp of HJT solar modules and is scaling battery manufacturing toward 40 GWh of commissioned capacity this year. Whether new energy shows up as a reportable EBITDA contributor is a live question.

KG D6 Gas Volumes

Oil and gas EBITDA of Rs 4,973 crore fell 0.5% YoY in Q1 FY27 on declining KG D6 output. Because the segment is high margin, a further volume decline in September has an outsized effect on the net profit line of the Reliance Q2 results.

Reliance Q2 Results FY27: Share Price and Valuation Going Into the Print

Reliance share price today is Rs 1,293.10 on the NSE, down Rs 16.40 or 1.25% from the previous close of Rs 1,309.50, in a Rs 1,290.30 to Rs 1,306.80 band on 8 September 2026.

Metric	Value (8 September 2026)
Current Market Price	Rs 1,293.10
52-Week High	Rs 1,611.80
52-Week Low	Rs 1,249.80
Market Capitalisation	Rs 17,72,085 crore
PE Ratio	20.10
Sector PE	16.95
PB Ratio	1.96
EPS (TTM)	Rs 65.15
Dividend Yield	0.46%
50-Day Moving Average	Rs 1,303.26
200-Day Moving Average	Rs 1,388.89
RSI (14)	44.54

The stock trades below both its 50-day and 200-day moving averages, with an RSI of 44.54 in neutral territory rather than oversold. At a PE of 20.10 against a sector PE of 16.95, Reliance carries a premium to its industry, the usual pattern for a conglomerate whose telecom and retail arms are valued separately. None of this is a view on where the stock goes after the Reliance Q2 results.

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What Investors Should Watch When Reliance Q2 Results Are Announced

Five lines will tell most of the story when the Reliance Q2 results land, starting with consolidated EBITDA and its margin, because June proved revenue growth and profit growth can move in opposite directions here.

• O2C EBITDA and margin against the 8.4% recorded in Q1 FY27
• Jio Platforms ARPU against Rs 215.6 and net subscriber additions from the 533.3 million base
• Reliance Retail EBITDA margin against 7.9% and its like-for-like revenue growth
• Net debt against Rs 1,22,914 crore and quarterly capex against Rs 38,682 crore
• Management guidance on the Jio Platforms listing, new energy commissioning and KG D6 volumes

The YoY comparison in the Reliance Q2 results FY27 print will look cleaner than June’s, because the September 2025 base of Rs 18,165 crore held no exceptional gain. Readers of Reliance quarterly results should still separate recurring profit from anything exceptional. Moves in the Nifty 50 around results day can cloud the share price reaction.

Conclusion on Reliance Q2 Results FY27

The Reliance Q2 results date is not confirmed, and the mid to late October pattern is the best guide until Reliance Industries files a board meeting intimation. The Reliance Q2 results FY27 will be compared with revenue from operations of Rs 2,58,898 crore and net profit of Rs 18,165 crore from Q2 FY26.

The company has just posted record quarterly revenue of Rs 3,11,850 crore alongside recurring profit growth of 6.12%, while the share price sits near a 52-week low. That divergence is the setup for the Reliance Q2 results, and whether it closes depends on O2C margin recovery, Jio ARPU, retail profitability and the clarity management offers on the listing.

No numerical estimate for Reliance Q2 earnings appears here because no verified consensus figure is publicly available, and readers should be cautious of any Reliance Q2 results preview that supplies one. Verify all figures against the company’s exchange filings on release, and consult a SEBI-registered advisor before acting on quarterly earnings.

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).

FAQs on Reliance Q2 Results FY27

Q1. What is the Reliance Q2 results date for FY27?

Ans. The Reliance Q2 results date is not officially confirmed. No board meeting intimation had been filed with the NSE or BSE as of 8 September 2026. Reliance announced Q2 FY26 results on 17 October 2025 and Q1 FY27 results on 17 July 2026, so a mid to late October date follows the pattern.

Q2. What quarter do the Reliance Q2 results 2026 cover?

Ans. The Reliance Q2 results FY27 cover 1 July 2026 to 30 September 2026. Reliance Industries reports consolidated revenue, EBITDA and net profit plus segment disclosures for Jio Platforms, Reliance Retail, O2C and oil and gas.

Q3. What were the Reliance Q1 FY27 results?

Ans. Reliance Industries reported revenue from operations of Rs 3,11,850 crore, up 25.41% YoY, and net profit of Rs 20,946 crore, down 22.41% YoY. Profit fell because the year-ago quarter held a one-off gain of Rs 8,924 crore. Recurring profit was Rs 23,196 crore, up 6.12%.

Q4. What were Reliance Q2 FY26 results in the September 2025 quarter?

Ans. Reliance reported revenue from operations of Rs 2,58,898 crore and net profit of Rs 18,165 crore in Q2 FY26, both up about 10% YoY. EBITDA was Rs 50,367 crore at a 17.8% margin. That is the base for the Reliance Q2 results FY27 comparison.

Q5. What are the main Reliance Q2 results expectations this quarter?

Ans. No verified consensus estimate is publicly available. Reliance Q2 results expectations centre on the O2C EBITDA margin against 8.4% in Q1 FY27, Jio ARPU against Rs 215.6, retail EBITDA margin against 7.9%, net debt against Rs 1,22,914 crore, and listing commentary.

Q6. What is Reliance share price today ahead of the Q2 earnings?

Ans. Reliance share price is Rs 1,293.10 on the NSE as of 8 September 2026, down 1.25% from Rs 1,309.50. The stock is about 19.8% below its 52-week high of Rs 1,611.80 and 3.5% above its 52-week low of Rs 1,249.80, at a market capitalisation of Rs 17,72,085 crore.

Q7. Will the Jio Platforms IPO affect the Reliance Q2 results announcement?

Ans. The listing does not change the reported numbers in the Reliance Q2 results, but it will shape the commentary. SEBI cleared the issue on 28 August 2026 for a fresh issue of up to 27 crore shares, close to 2.9% of post-issue equity. The price band is not announced.

Q8. Is Reliance a good stock to buy before the Q2 results?

Ans. This article offers no buy, sell or hold recommendation on Reliance Industries. The stock trades at a PE of 20.10 against a sector PE of 16.95 and sits below its 50-day and 200-day moving averages. Assess the reported numbers on release and consult a SEBI-registered advisor.