Reliance Industries is set to announce its Q2FY27 financial results on October 30, 2026. Experts predict the company will report strong growth in net profit, revenue, and EBITDA, mainly due to a recovery in its oil-to-chemicals (O2C) business, robust refining margins, and the impact of a weaker rupee. This announcement comes just days after the listing of Jio Platforms.
- Expected net profit growth of up to 24% year-on-year (YoY)
- Revenue forecasted to increase by 23% to 24% YoY
- EBITDA projected to rise by 15% to 17% YoY
- Key focus on oil-to-chemicals, retail, and oil and gas segments
- Stock trading near critical support levels amid market volatility
What are the expected financial results for Reliance Industries in Q2FY27?
Experts expect Reliance Industries to report consolidated revenue between ₹3.12 lakh crore and ₹3.15 lakh crore for Q2FY27, marking a 23% to 24% increase compared to ₹2.54 lakh crore in Q2FY26. The revenue is also expected to show a slight quarter-on-quarter (QoQ) rise of 1% to 2% from ₹3.09 lakh crore in the previous quarter.
Net profit is forecasted to grow by 16% to 20% YoY, ranging between ₹21,100 crore and ₹22,110 crore. This is an increase from ₹18,165 crore in Q2FY26 and ₹20,946 crore in the preceding quarter.
Consolidated EBITDA is anticipated to rise by 15% to 17% YoY, reaching between ₹51,000 crore and ₹53,000 crore. This growth is primarily attributed to the recovery in the oil-to-chemicals business segment.
How is the oil-to-chemicals business influencing Reliance's earnings?
The oil-to-chemicals (O2C) business is a significant contributor to Reliance's expected strong quarterly earnings. The recovery in this segment is helping to boost EBITDA and overall profitability. Strong refining margins combined with the weaker rupee are also supporting this positive trend.
What is the current stock market outlook for Reliance Industries?
As of October 29, 2026, Reliance Industries shares closed 0.8% higher at ₹1,167. However, the stock has declined by 25% so far this year due to volatile crude oil prices and global geopolitical concerns affecting the broader market.
The stock is trading near a key support level but remains below its 20-day and 50-day exponential moving averages (EMA). Technical indicators like the Directional Movement Index (DMI) suggest sellers currently have control, indicating a steady downtrend rather than an accelerating one.
What are the potential stock price movements after the Q2 results?
The options market anticipates a price movement of approximately ±5.6% by the expiry date, suggesting a trading range between ₹1,110 and ₹1,242. Historically, Reliance's stock has rarely moved beyond this range immediately after earnings announcements.
Investors considering trading strategies may look at short straddles if they expect the stock to remain within this range. Conversely, long straddles could be suitable if a sharp move is anticipated, especially if the stock breaks below ₹1,152 or rises above ₹1,234, which could trigger significant price changes.
What will investors focus on in the Q2 earnings call?
Investors will closely monitor the performance of Reliance's retail, oil-to-chemicals, and oil and gas businesses. Additionally, management commentary on the new energy business and the overall outlook for the company will be key areas of interest.
