Reliance Q2 Results Highlights: Profit surges 16% YoY; telecom biz ARPU grows to ₹211.4 ahead of Jio IPO

Reliance Q2 Results LIVE: JM Financial expects RIL’s EBITDA to be up 3.6% QoQ, led by O2C EBITDA growth of 3.1% QoQ on higher refining throughput, slight improvement in GRM and strong auto-fuel marketing margin; Retail EBITDA growth of 12.7% YoY and 3.5% QoQ and Digital EBITDA growth 2.5% QoQ, led by robust 7 million subscriber gains and 1.1% QoQ rise in ARPU to ₹211 driven by upgrades and 1 more day QoQ in 2QFY26, though partly offset by E&P EBITDA falling 3.4% QoQ on natural decline in KG D6 gas output.

Reliance Q2 Results LIVE: Motilal Oswal expects Reliance Industries’ consolidated revenue to increase 6.5% YoY to ₹2,46,700 crore, while consolidated EBITDA to rise 17% YoY to ₹45,800 crore. EBITDA margin is estimated to improve to 18.6% from 16.9% YoY. Further clarity on ₹75,000 crore announcements in the new energy business, growth in Retail store additions, and any pricing action in Telecom are the key monitorables.

Reliance Q2 Results LIVE: Saurabh Jain, the head of fundamental research at SMC Global Securities, believes Reliance may report steady financial growth, supported by healthy contributions from its telecom and oil-to-chemicals (O2C) divisions. He said the O2C segment is likely to benefit from improved refining margins and higher throughput, reflecting a recovery in global energy markets and stable product spreads. Reliance’s upstream oil and gas business, however, may show muted performance due to lower gas output and subdued realisation trends.

Jio is anticipated to remain a key earnings driver, driven by steady subscriber additions and rising data consumption, which continue to strengthen its digital ecosystem. On the other hand, the retail segment may witness relatively slower growth, impacted by moderation in consumer spending and a high base effect from previous quarters, said Jain. Nonetheless, continued store expansion and traction in premium formats are likely to help sustain momentum in the long term.

Reliance Q2 Results LIVE: RIL Chairman Mukesh Ambani, in Reliance’s 48th Annual General Meeting (AGM) in August this year, hinted about his ambition of turning the company into a deep-tech firm. He also reiterated that Reliance will double by the end of its golden decade in 2027.

Reliance Q2 Results LIVE: Reliance share price gained over a percent ahead of Q2 results today. Reliance shares opened higher at ₹1,400 apiece as compared to its previous close of ₹1,398.05 apiece on the BSE. RIL shares rose as much as 1.39% to an intraday high of ₹1,417.50 level.

Reliance Q2 Results LIVE: Reliance Industries is expected to report a healthy double-digit growth in consolidated revenue and profit on a year-on-year (YoY) basis, while margins are also expected to improve. On a consolidated basis, Reliance Industries’ EBITDA in Q2FY26 is likely to see a decent growth, led by healthy growth in O2C, Retail and Digital businesses, but partly offset by decline in E&P business.

Reliance Q2 Results LIVE: Mukesh Ambani-led oil-to-telecom-to-retail conglomerate Reliance Industries Ltd (RIL) is set to announce its Q2 results today, 17 October 2025. The board of directors of India’s largest company by market capitalisation is scheduled to meet on Friday to consider and approve the financial results for the July-September quarter of FY26.