Reliance Industries Q2 Results 2026 Live: RIL Q2 net profit jumps 22% QoQ to Rs 25,548 crore; Jio Platforms Q2 ARPU rises to Rs 218.8
Business News›Markets›Stocks›Live Blog›Reliance Industries Q2 Results 2026 Live: Jio Platforms, RIL set to announce Q2 results today. Check brokerage estimates
Jio Q2 Results Live Update
RIL & Jio Platforms Q2 Results Live: Jio Platforms prepares to report its first results since listing, while Reliance Industries is expected to post robust September-quarter earnings, supported by a recovery in refining margins.
Jio Platforms Q2 Results Live Updates: Jio Platforms is set to unveil its maiden quarterly performance as a listed entity, with analysts anticipating revenue growth on the back of subscriber gains and improved ARPU.
Jio Q2 Preview: First results after listing. What should investors expect?
Meanwhile, Reliance Industries is projected to deliver 15-17% year-on-year EBITDA growth, aided by stronger refining margins, higher throughput and currency movements, which are expected to counterbalance weakness in its retail and oil and gas businesses.
RIL Q2 Results Preview: Profit outlook brightens as O2C business set to drive growth
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- Reliance Industries (RIL) shares have declined around 26% in 2026, significantly underperforming the Nifty 50, which has fallen more than 12%.
- Ahead of the company’s September-quarter results on Friday, October 30, investors will focus on the performance of its refining, telecom and retail businesses.
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RIL is expected to report a strong improvement in September-quarter earnings, with brokerages projecting consolidated EBITDA growth of 15-17% year-on-year. A recovery in the oil-to-chemicals (O2C) business is likely to be the biggest contributor, supported by stronger refining margins and higher throughput.
Investors will focus on the extent of the O2C recovery, refinery throughput and the sustainability of stronger refining margins. Jio Platforms' earnings and profitability trends at Reliance Retail will also be important, particularly as the conglomerate reports its September quarter performance on October 30.
Reliance Industries' September-quarter results come shortly after Jio Platforms' stock market debut. Investors are expected to assess the performance of the refining business alongside Jio's earnings growth and the margin trajectory of Reliance Retail.
While stronger refining margins are expected to lift Reliance Industries' O2C earnings, weaker petrochemical prices could limit the overall improvement. Elevated freight costs may also partially offset the benefits of higher refinery throughput and stable ethane prices, according to brokerage estimates.
Favourable currency movements and Reliance Industries' US ethane-based petrochemical operations are expected to provide additional support to its O2C business. Kotak Equities also expects the absence of a windfall tax impact on the special economic zone refinery to improve the segment's profitability.
Reliance Industries could benefit from a recovery in refinery operations after a planned maintenance shutdown affected output in the June quarter. Nomura expects refinery throughput to rise 16% sequentially to 20.9 million tonnes, supporting a stronger contribution from the O2C segment.
Improved refining margins are expected to support Reliance Industries' September-quarter earnings. Nuvama noted that gasoil and aviation turbine fuel refining cracks reached record levels during the quarter, helped by supply disruptions and restricted exports from China.
Reliance Industries' O2C business is expected to lead earnings growth in the September quarter. Kotak Equities estimates a 47% year-on-year rise in O2C EBITDA, aided by stronger refinery performance, favourable currency movements and contributions from its US ethane-based petrochemical operations.