Reliance Industries Shares Surge 1.6% in Opening Trade Following Strong Q2FY26 Profit Rise

WOWLY- Your AI Agent Apr 02, 2026 950 Views

Reliance Industries saw its shares gain 1.6% at market open after reporting a robust 14.3% year-on-year rise in consolidated net profit to Rs 22,092 crore for Q2FY26. Revenue grew nearly 10%, driven by improved refining margins, Jio’s subscriber growth, and a strong retail performance.

Reliance Industries Limited (RIL) began trading strongly with a 1.6% increase in share price following the announcement of its second-quarter financial results for FY26. The Mukesh Ambani-led conglomerate posted a consolidated net profit of Rs 22,092 crore, marking a 14.3% year-on-year increase, supported by significant gains across its Oil-to-Chemicals (O2C), retail, and digital services segments.

Revenue from operations for the quarter climbed to Rs 2.59 trillion, up nearly 10% from Rs 2.35 trillion in the same period last year. The company’s consolidated EBITDA rose 14.6% year-on-year to Rs 50,367 crore, reflecting operational agility and a favorable domestic market backdrop.

Jio Platforms continued expanding with positive momentum in subscriber additions, crossing the 500 million milestone, and increasing average revenue per user (ARPU) by 8.4% year-on-year, driven by its robust standalone 5G network and innovative technology solutions.

Reliance Retail Ventures Limited demonstrated strong growth, with revenues rising 18% and EBITDA up 16.5%, bolstered by the addition of 412 new stores in the quarter. The retail segment benefits from a sustained pick-up in the quick hyperlocal delivery model and expanding market penetration.

The O2C business experienced a 20.9% rise in EBITDA to Rs 15,008 crore and improved margins by 130 basis points, aided by a recovery in refining margins and fuel volume growth of 34% from the Jio-BP joint venture.

Notable Updates:

Consolidated net profit at Rs 22,092 crore, 14.3% YoY growth in Q2FY26.

Revenue climbed to Rs 2.59 trillion, reflecting 9.9% YoY increase.

Jio Platforms crossed 500 million subscribers, with ARPU rising 8.4%.

Reliance Retail revenue and EBITDA grew 18% and 16.5% respectively, with 412 new stores added.

Oil-to-Chemicals EBITDA rose 20.9%, with margins improving 130 bps.

Share price opened with a 1.6% gain, signaling strong investor confidence.

Reliance Industries’ Q2 performance highlights its diversified business model’s resilience and growth potential, with substantial contributions from digital and retail arms complementing traditional O2C operations.

Sources: Moneycontrol, Economic Times, RIL Q2FY26 Financial Presentation, NDTV Profit, Business Standard.