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As of 2026-08-25
For the quarter ending June 30, 2026 (Q1 FY2026-27), Reliance Industries reported Revenue From Operations of ₹3,11,850 crore. Expenses were ₹2,87,770 crore, and Finance Costs were ₹8,337 crore. Profit Before Tax was ₹30,630 crore, and Other Comprehensive Income was ₹3,267 crore. The Paid Up Value Of Equity Share Capital was ₹13,533 crore.
Between March 2019 and March 2024, Reliance Industries' Borrowings fluctuated, reaching a high of ₹451,664 crore in March 2023 before decreasing to ₹350,719 crore in March 2024. Over the same period, Total Assets grew from ₹997,630 crore to ₹1,755,048 crore, while Total Liabilities increased from ₹997,630 crore to ₹1,755,048 crore. Equity Capital remained stable at ₹6,766 crore from March 2022 to March 2024, after increasing from ₹5,926 crore in March 2019. Reserves increased from ₹381,186 crore in March 2019 to ₹786,715 crore in March 2024.
On August 6, 2026, Reliance Industries experienced a wide intraday price range, trading across a materially wider price range than usual. On August 5, 2026, trading volume was unusually high, but the closing price did not show a clear directional move. On July 8, 2026, a downward price movement of 2.56 standard deviations was recorded.
Reliance Industries is currently in a weak uptrend on a daily timeframe, with the price above its 20-day and 50-day Simple Moving Averages (SMAs), and positive slope indicators. However, on a weekly timeframe, the trend is a moderate downtrend, with the price below its 20-day and 50-day EMAs, a negative slope, and a bearish supertrend. The company's risk assessment is 'elevated risk', with a current drawdown of -17.35% and annualized volatility of 20.97%.
Recent news includes Reliance shareholders approving entry into explosives, fertilizers, and related deals on August 21, 2026. On August 20, 2026, there were reports of a proposed ₹2.73 lakh crore investment for a coal gasification project in Andhra Pradesh, which saw the stock rise. On August 16, 2026, it was noted that Reliance's Jamnagar refinery has the largest share in India's refinery-specific LPG production levels.
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹3,11,850 crore | ₹2,98,621 crore | ₹2,69,496 crore | ₹2,58,898 crore | ₹2,48,660 crore |
| Expenses | PEAK₹2,87,770 crore | ₹2,75,873 crore | ₹2,44,713 crore | ₹2,34,256 crore | ₹2,26,633 crore |
| Finance Costs | PEAK₹8,337 crore | ₹6,585 crore | ₹6,613 crore | ₹6,827 crore | ₹7,036 crore |
| Profit Before Tax | ₹30,630 crore | ₹27,195 crore | ₹29,697 crore | ₹29,124 crore | PEAK₹37,146 crore |
| Other Comprehensive Income | PEAK₹3,267 crore | -₹7,191 crore | -₹567 crore | -₹4,140 crore | ₹351 crore |
| Paid Up Value Of Equity Share Capital | PEAK₹13,533 crore | ₹13,532 crore | ₹13,532 crore | ₹13,532 crore | ₹13,532 crore |
Reliance Industries reported revenue of ₹3,11,850 crore for the first quarter of FY2026-27, a 25.4% increase from the same quarter last year. However, total expenses grew at a slightly faster rate of 27.0%, leading to a 17.5% decline in profit before tax compared to the prior year. Sequentially, revenue and profit both improved from the previous quarter, with profit before tax rising 12.6% from a low in Q4 FY2025-26. Finance costs increased notably, and other comprehensive income swung sharply from a large loss to a gain.
Revenue from operations reached ₹3,11,850 crore in Q1 FY2026-27, up 4.4% from ₹2,98,621 crore in the preceding quarter and 25.4% from ₹2,48,660 crore in the same quarter last year. Total expenses for the quarter were ₹2,87,770 crore, a sequential increase of 4.3% and a year-over-year increase of 27.0%. The year-over-year growth in expenses slightly exceeded revenue growth, indicating pressure on operating margins. Sequentially, the growth rates were nearly aligned.
Profit before tax (PBT) for the quarter was ₹30,630 crore, a 12.6% increase from ₹27,195 crore in Q4 FY2025-26 but a 17.5% decline from ₹37,146 crore in Q1 FY2025-26. The sequential improvement reverses the decline seen in the previous quarter, though PBT remains below the level of a year ago.
Net profit for the period fell to ₹23,196 crore, down 24.6% from ₹30,783 crore a year earlier and up 12.7% from ₹20,589 crore in the prior quarter. Basic earnings per share stood at ₹15.48, compared with ₹19.95 in Q1 FY2025-26 and ₹12.54 in Q4. Other income of ₹6,550 crore contributed to PBT in the current quarter.
Finance costs rose to ₹8,337 crore, a 26.6% sequential increase from ₹6,585 crore and an 18.5% increase from ₹7,036 crore in the same quarter last year. This increase occurred alongside a debt-equity ratio that remained very low and stable at 0.004.
Other comprehensive income swung to ₹3,267 crore in Q1 FY2026-27 from a loss of ₹7,191 crore in Q4 FY2025-26. This item has been volatile over the past year, moving from a modest gain of ₹351 crore in Q1 FY2025-26 to losses in subsequent quarters and now back to a significant gain.
The paid-up value of equity share capital remained virtually unchanged at ₹13,533 crore, with a face value of ₹10 per share. The debt-equity ratio was 0.004, consistent with the low levels seen over the past year, indicating minimal reliance on debt financing relative to equity.
Reliance Industries delivered strong revenue growth in the first quarter, both year-over-year and sequentially. However, profit before tax and net profit both declined sharply from the same quarter last year, as expenses grew at a faster pace than revenue. Finance costs increased notably, and other comprehensive income swung from a loss to a gain. The company’s capital structure remains stable with very low leverage. The quarter reflects continued revenue expansion, but rising costs have put clear pressure on profitability.
Exchange disclosures and regulatory announcements for Reliance Industries.
On August 20, 2026, Reliance Industries Limited shareholders approved three resolutions with requisite majorities: material related party transactions of the company (99.2119% in favor), material related party transactions of its subsidiaries (99.2118% in favor), and alteration of the Objects Clause of the Memorandum of Association to add a new sub-clause 14 authorizing business in ammonia, nitric acid, ammonium nitrate, explosives, fertilizers, and related downstream products. The special resolution for the objects clause alteration passed with 99.9967% in favor.
The voting results in the format prescribed under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 along with the Scrutiniser's Report on remote e-voting, for Postal Ballot notice dated July 17, 2026, are attached. |SUBJECT: Shareholders meeting
On August 14, 2026, the Supreme Court of India dismissed Reliance Industries Ltd.'s (RIL) appeal regarding its NTPC gas supply suit, with costs of Rs. 10 lakhs payable by RIL to the Supreme Court Advocates on Record Association within five weeks. The company clarified that the order constitutes costs, not a fine or penalty.
Reliance Industries Limited executives participated in a one-on-one meeting at Motilal Oswal's 22nd Annual Global Investor Conference in Mumbai on August 18, 2026, and confirmed that no unpublished price sensitive information was shared or discussed.
The Exchange has sought clarification from Reliance Industries Limited with respect to recent news item captioned SC slaps Rs 10 lakh fine on Reliance Industries for delaying NTPC gas supply suit. The response from the Company is awaited. |SUBJECT: News Verification
On August 14, 2026, Reliance Industries Limited and Rolls-Royce announced a strategic intent to partner for the design, development, manufacturing, and delivery of an indigenous combat engine for India's Advanced Medium Combat Aircraft (AMCA) programme. The collaboration involves exploring the formation of a dedicated Aerospace Gas Turbine Complex in India to establish sovereign capabilities in power and propulsion technology. Key executives Sh Anant Ambani of Reliance and Tufan Erginbilgiç of Rolls-Royce confirmed the alliance aims to support India's 'Atmanirbhar Bharat' vision by combining global engineering expertise with local industrial execution.
Reliance Industries Limited will participate in Motilal Oswal's 22nd Annual Global Investor Conference in Mumbai on August 18, 2026, for multiple one-on-one meetings with institutional investors, with no unpublished price sensitive information proposed to be shared.
Reliance Industries Limited disclosed that its executives will participate in Motilal Oswal's 22nd Annual Global Investor Conference on August 18, 2026, in Mumbai. The company confirmed that the scheduled one-on-one meetings with institutional investors will not involve sharing or discussing any unpublished price-sensitive information.
Reliance Industries Limited disclosed on August 12, 2026, that its executives participated in a one-on-one institutional investors' meeting, the Emkay Confluence 2026, held in Mumbai on the same date, and confirmed that no unpublished price sensitive information was shared or discussed.
Reliance Industries Limited executives will participate in the Emkay Confluence 2026 meeting in Mumbai on August 12, 2026. The meeting with institutional investors will be on a one-on-one basis, and no unpublished price sensitive information is expected to be shared.
Reliance Industries Limited has published newspaper clippings on August 7, 2026, regarding a special window for the transfer and dematerialisation of physical shares. The advertisements appeared in The Indian Express, Financial Express, Loksatta, and Jansatta.
Reliance Industries Limited announced on August 7, 2026, that it will hold one-on-one meetings with multiple institutional investors at the Emkay Confluence 2026 event in Mumbai on August 12, 2026, commencing at 10:00 AM. The physical meeting is hosted by Emkay Global Financial Services Limited and serves as a centralized forum for investor engagement. The company explicitly disclosed that no unpublished price-sensitive information will be shared or discussed during these sessions.
Reliance Industries Limited reported that its step-down subsidiary, Radisys Cayman Limited, merged with its holding company, Radisys International LLC, effective July 31, 2026. The merger was classified as 'Other Restructuring' and occurred at 10:41 AM on August 1, 2026. No quantitative or qualitative effects were detailed, and shareholding percentages remained at 0% across all categories both pre and post-event.
Radisys Cayman Limited, a step-down subsidiary of Reliance Industries Limited, has been merged with its holding company, Radisys International LLC, effective July 31, 2026. Reliance Industries Limited received this notification on August 1, 2026.
Reliance Industries Limited has provided a link to a presentation on resolutions proposed for shareholder approval via Postal Ballot Notice dated July 17, 2026. The filing is dated July 25, 2026.
Reliance Industries Limited has provided a link to a presentation on resolutions proposed for shareholder approval via Postal Ballot Notice dated July 17, 2026. The filing is dated July 25, 2026.
Reliance Industries Limited published a notice regarding a postal ballot on July 22, 2026. This notice was advertised in The Times of India (English) and Maharashtra Times (Marathi) newspapers. The company has enclosed clippings of these advertisements for information and records.
Reliance Industries Limited published a notice regarding a postal ballot on July 22, 2026. This notice was advertised in The Times of India (English) and Maharashtra Times (Marathi) newspapers. The company has enclosed clippings of these advertisements for information and records.
Reliance Industries Limited has issued a Postal Ballot Notice on July 21, 2026, to seek member approval for material related party transactions involving the company and its subsidiaries, Reliance Consumer Products Limited and Reliance Retail Ventures Limited/Reliance Retail Limited. The notice also seeks approval for an alteration of the company's Memorandum of Association to include the business of ammonia, explosives, and fertilizers. E-voting will be open from July 22, 2026, to August 20, 2026. The proposed transactions include investments, loans, and advances, with a total estimated value up to ₹25,000 crore for Reliance Consumer Products Limited through FY 2028-29 and up to ₹1,20,000 crore for Reliance Retail Ventures Limited to Reliance Retail Limited through FY 2031-32.
Reliance Industries Limited has issued a Postal Ballot Notice on July 21, 2026, to seek member approval for material related party transactions involving the company and its subsidiaries, Reliance Consumer Products Limited and Reliance Retail Ventures Limited/Reliance Retail Limited. The notice also seeks approval for an alteration of the company's Memorandum of Association to include the business of ammonia, explosives, and fertilizers. E-voting will be open from July 22, 2026, to August 20, 2026. The proposed transactions include investments, loans, and advances, with a total estimated value up to ₹25,000 crore for Reliance Consumer Products Limited through FY 2028-29 and up to ₹1,20,000 crore for Reliance Retail Ventures Limited to Reliance Retail Limited through FY 2031-32.
Reliance Industries Limited held an analyst meet on July 17, 2026, to discuss its unaudited financial results for the quarter ended June 30, 2026. The company reported a 25% increase in topline revenue, driven primarily by oil prices, with Jio and Retail also showing growth. Overall EBITDA was over Rs. 54,000 Crores, a 10% increase, and net profit was close to Rs. 23,200 Crores, up 6%. The Oil to Chemicals (O2C) segment saw a 30% revenue increase, while Jio Platforms reported 12% revenue growth and a 15% increase in margin. The retail business revenue grew 12% to Rs. 90,000 Crores, though EBITDA was slightly lower year-on-year due to strategic investments in digital commerce.
Reliance Industries Limited held an analyst meet on July 17, 2026, to discuss its unaudited financial results for the quarter ended June 30, 2026. The company reported a 25% increase in topline revenue, driven primarily by oil prices, with Jio and Retail also showing growth. Overall EBITDA was over Rs. 54,000 Crores, a 10% increase, and net profit was close to Rs. 23,200 Crores, up 6%. The Oil to Chemicals (O2C) segment saw a 30% revenue increase, while Jio Platforms reported 12% revenue growth and a 15% increase in margin. The retail business revenue grew 12% to Rs. 90,000 Crores, though EBITDA was slightly lower year-on-year due to strategic investments in digital commerce.
Reliance Industries Limited has made an audio recording available on its website of an analyst meet held on July 17, 2026, to discuss the company's unaudited financial results for the quarter ended June 30, 2026. The analyst meet concluded at 9:45 p.m. IST on July 17, 2026.
Reliance Industries Limited has made an audio recording available on its website of an analyst meet held on July 17, 2026, to discuss the company's unaudited financial results for the quarter ended June 30, 2026. The analyst meet concluded at 9:45 p.m. IST on July 17, 2026.
Reliance Industries Limited announced its unaudited financial results for the quarter ended June 30, 2026, reporting a consolidated recurring EBITDA of ₹54,067 crore, a 10.1% increase year-over-year, and a net profit of ₹23,196 crore, up 6.1% year-over-year. The Oil to Chemicals (O2C) business saw revenue grow by 30.4% to ₹201,803 crore and EBITDA increase by 17.2% to ₹17,010 crore. Jio Platforms reported a 12% year-over-year revenue growth to ₹45,961 crore and a 15.1% EBITDA increase to ₹20,865 crore. Retail revenue grew by 12% to ₹90,408 crore, though EBITDA saw a slight decrease of 1.1% to ₹6,309 crore due to ongoing investments.
Recent market and company developments associated with Reliance Industries.
The income tax appellate tribunal deleted a large tax disallowance for Reliance Jio Infocomm. It ruled that accounting treatment does not solely determine tax treatment of expenditure. The tribunal dismissed tax appeals concerning operational costs capitalized by the company. It found no new enduring asset was created by the disputed expenses. This decision upheld the deletion of the entire ₹11,003 crore disallowance.
Indian equity markets closed largely unchanged on Friday, August 21, after a volatile trading session. Several companies, including Reliance Industries and Bank of Baroda, reported significant corporate developments. Power Grid Corporation and Jubilant Pharmova also announced key project wins and regulatory approvals. NATCO Pharma and Caplin Point Laboratories received observations from the US FDA after inspections. Mobile manufacturing stocks are expected to gain attention following a new gover...
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Reliance shareholders approve entry into explosives, blasting agents, fertilisers and agrochemicals, alongside key related-party deals, after securing strong postal ballot support.
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Reliance Industries added 0.45% to Rs 1313.35 after media reports said that the company has proposed to invest about Rs 2.73 lakh crore to develop an integrated underground coal gasification complex in Andhra Pradesh's Eluru district.
Concerned about national security, the government is holding up security approvals and spectrum allocation.
Reliance Industries has proposed investing about ₹2.73 lakh crore over 30 years to develop Indias first integrated Underground Coal Gasification complex in Andhra Pradeshs Eluru district. The project, subject to commercial viability after exploration, will use deep coal reserves in the Chintalapudi and Recherla blocks to produce syngas.
KKR’s investment comes as BookMyShow looks to accelerate its live entertainment business and broaden its presence beyond movie ticketing.
Draft rules lay the groundwork for private participation, while power companies are already scouting sites for nuclear projects. For investors, however, the bigger question is how soon the opportunity can translate into earnings.
Jio prime
Raamdeo Agrawal of Motilal Oswal said India's earnings season signals a multi-year growth cycle, driven by a GST cut and rising credit flow. He expects Nifty EPS to reach ₹1,450 next year and flags quick commerce, private banks, and capital markets as key sectors to track.
Stock market today: Gift Nifty was trading near the 24,393.5 mark, down over 56 points from the previous close of Nifty futures.
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The Petroleum Ministry in an order specified production levels for 18 public-sector refineries, three private-sector companies and three upstream companies
India set refinery-specific LPG production levels for the first time, totaling 63,810 tonnes/day, to boost domestic supply during disruptions. Reliance's Jamnagar refinery has the largest share.
India Inc's Q1 performance shows strong revenue growth, defying initial gloom, despite challenges from rising input costs.
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The Supreme Court fined Reliance Industries ten lakh rupees for delaying a suit. NTPC filed the natural gas supply contract case against Reliance back in 2005. The court noted Reliance's continuous obstruction of the legal proceedings for two decades. This action came after the Bombay High Court's decision regarding witness affidavits. The apex court expressed strong disapproval of the prolonged litigation and its impact.
Reliance Industries, Rolls-Royce, AMCA programme, fighter jet engine, Aerospace Gas Turbine Complex, defence aerospace, Atmanirbhar Bharat, indigenous defense manufacturing, 5th-generation stealth fighter, advanced propulsion technology
Reliance and Rolls-Royce partner to develop an indigenous combat engine for India's AMCA program, aiming for self-reliance in defense technology.
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Sensex Today | Stock Market Highlights: Indian equity markets ended lower on Friday after failing to hold on to the intraday recovery. The Sensex slipped 71 points to 78,009, while the Nifty declined 30 points to 24,366.
Bank of America plans to invest ₹18,268 crore in Jio Credit, potentially increasing its stake to 49.9%.
Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Reliance Industries, SBI, LIC, Hindustan Unilever.
Comprehensive Section Breakdown for Reliance Industries
Strategic Vision: Conglomerate with integrated energy, digital, retail, and new energy businesses.
Category: Manufacturing
Encompasses refining, petrochemicals, and fuel marketing operations, including the Dhirubhai Ambani refinery complex at Jamnagar.
Category: Energy
Focuses on the exploration, development, and production of crude oil and natural gas from offshore blocks in India.
Category: B2B Services
The technology division offering high-speed cellular, fiber broadband, and enterprise services, alongside developing digital solutions for various sectors.
Key Products & Services: Reliance Jio Infocomm
Category: Supply Chain
Operates a physical retail footprint in India across grocery, electronics, and fashion, connected to a digital supply chain network.
Key Products & Services: JioMart
Category: Media
Manages television broadcasting networks, news channels, and digital streaming platforms through joint-venture entities.
Key Products & Services: JioStar
Category: Manufacturing
The hub for building green energy supply chains, comprising gigafactories for solar photovoltaics, energy storage, and green hydrogen.
Core Thesis: Reliance Industries operates as an integrated ecosystem where its industrial legacy and digital platforms support and fund one another.
• O2C as a Funding Engine: The integrated Oil-to-Chemicals segment acts as the primary cash-generating core, funding capital expenditures for telecom and retail. • Digital Infrastructure & Retail Integration: Jio Platforms provides digital network infrastructure supporting Reliance Retail's omnichannel operations and digitizing local merchants. • Digital Infrastructure & Media Services: The digital connectivity ecosystem offers a direct distribution pipeline for mass media and entertainment businesses. • New Energy & Jamnagar Integration: The green energy transition is centered at the Jamnagar complex, linking legacy manufacturing capabilities to clean-energy supply chains.
• Integrated industrial and digital ecosystem
• Nation-wide digital network infrastructure
• Extensive physical retail footprint
• Jamnagar complex for energy transition