Reliance Industries Results Q1 LIVE: India's largest company, Reliance Industries, is prepping to declare its Q1 results for FY27, Friday, July 17, 2026. Investors will closely watch Reliance's performance in various segments like O2C, oil and gas, telecom, retail and media amidst global geopolitical uncertainties. Also, an update on Jio Platforms' IPO will be awaited during Mukesh Ambani's comment amidst the Q1 performance. Hence, Reliance stocks will be buzzing.
In Q1FY27, Reliance is expected to post a stronger quarter due to improvement in O2C business and continued momentum in Jio Platforms. However, Reliance Retail could see low-double-digit growth.
Apart from Reliance Industries, the parent will also declare its two major subsidiaries, Reliance Retail and Jio Platforms Q1 results as well.
Among key factors to watch out in the Q1 are --- O2C Margin, retail revenue growth, ARPU & Subscriber base growth, Price hikes in telecom, and Capex updates.
During the financial year 2025-26, the giant's net profit and Share of Profit/(Loss) of Associates & JVs increased by 17.8% Y-o-Y to Rs 95,754 crore ($ 10.1 billion). While Reliance reported a consolidated EBITDA of Rs 207,911 crore for FY26, registering a growth of 13.4% YoY. Further, for full-year, Reliance posted a gross revenue of Rs 1,175,919 crore ($ 124.0 billion), which increased by 9.8% YoY.
Stay Tuned For Real-Time Update On Reliance Industries Q1 Results Today At GoodReturns.
Mukesh Ambani: During the quarter, Moody's Ratings upgraded our foreign currency debt issuances to "Baa1", reflecting underlying strength of our cash flow and financial position. I remain confident in the underlying strength of our businesses and in the talent and commitment of our people. The start to FY27 gives me reason to be optimistic about the year ahead as we move forward with phased commissioning of new energy projects and unlock value through the Jio IPO.”
Mukesh Ambani: Reliance Retail delivered resilient growth this quarter, with steady performance across all consumption formats and channels. Our omni-channel presence continues to serve millions of Indian consumers and I am confident that it is well placed to benefit from India’s long term consumption growth. The consumer products business is growing rapidly with the portfolio of FMCG brands gaining real traction with Indian consumers. RCPL has more than doubled its revenues as compared to the previous year.
Mukesh Ambani: The Digital Services business continued its growth momentum during the quarter. Jio’s performance across mobility, home broadband and enterprise services remained strong, driving healthy earnings growth of 15%Y-o-Y. During the quarter, Jio Platforms Limited filed its DRHP with SEBI, a significant step towards its public listing. The upcoming IPO will be an important milestone in Jio’s journey and will give investors an opportunity to participate in India’s digital growth story.
Mukesh Ambani: The O2C business delivered strong performance during the quarter, supported by all-time high middle distillate cracks and improved downstream petrochemical deltas. This was achieved despite a challenging global energy market backdrop with disrupted supply chains. Our teams navigated this difficult environment with operational agility and ensured adequate availability of essential fuels and materials in the domestic markets.
Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “Reliance has made a steady start to FY27, with all businesses delivering strong operating performance. Our diverse business portfolio has once again demonstrated its resilience in a quarter which witnessed continuing geopolitical tensions and volatile commodity markets.
Driven by strong revenue growth, operating leverage, and 150 bps margin expansion.
Reliance Retail Ventures (RRVL)
EBITDA ↓ 1.1% YoY to ₹6,309 crore/ EBITDA Margin: 7.9%
Margin moderated by 80 bps due to continued investment in Digital Commerce.
Oil-to-Chemicals (O2C)
EBITDA ↑ 17.2% YoY
Supported by stronger transportation fuel cracks and favorable downstream margins, partly offset by higher feedstock costs and lower production during a planned turnaround.
Oil & Gas
EBITDA Stable YoY
Supported by improved realizations from KG-D6 liquids, offsetting other operational pressures.
Reliance Industries' EBITDA increased by 10.1% Y-o-Y to ₹ 54,067 crore ($ 5.7 billion).
Broad-based growth across consumption categories and scaling of digital commerce platforms.
Oil-to-Chemicals (O2C)
Revenue ↑ 30.4% YoY
Strong growth led by higher crude oil prices, partly offset by lower production available for sale.
Oil & Gas
Revenue ↑ 3.2% YoY
Higher KG-D6 oil/condensate realizations, favorable exchange rate, and stronger CBM gas production offset by lower KG-D6 gas production and weaker gas price realizations.
Reliance Industries posted 24.5% YoY growth in gross revenue to Rs 340,257 crore ($ 35.9 billion). Key Drivers Here
Reliance Industries Q1 Results: Despite reporting a YoY decline, Reliance Industries posted its best first-quarter profit and surpassed street estimates. In Q1FY27, RIL's consolidated net profit, attributable to owners, stood at Rs 20,946 crore, registering a decline of 22.4% YoY but improving by 4.4% sequentially. The year-on-year dip in the profitability is due to one-time profit from sale of listed investments of Rs 8,924 crore in 1Q FY26. Reliance had recorded a net profit of Rs 26,994 crore in Q1FY26 and Rs 20,616 crore in Q4FY26.
Reliance Industries Q1 Results Live: Revenue Jumps YoY and QoQ
On the top-line front, Mukesh Ambani's giant posted a consolidated revenue of Rs 3,11,850 crore, witnessing a growth of 10.6% from revenue of Rs 2,84,660 crore a year ago same quarter. Meanwhile, Q1FY27 revenue climbed by 11.6% from Rs 2,98,621 crore in the preceding quarter.
Jul 17, 2026, 7:47 pm IST
Reliance Industries Q1 Results Live: Best First Quarter Profit
Despite reporting a YoY decline, Reliance Industries posted its best first-quarter profit and surpassed street estimates. In Q1FY27. RIL's consolidated net profit, attributable to owners, stood at Rs 20,946 crore, registering a decline of 22.4% YoY but improving by 4.4% sequentially. Reliance had recorded net profit of Rs 26,994 crore in Q1FY26 and Rs 20,616 crore in Q4FY26.
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Jul 17, 2026, 5:58 pm IST
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RIL’s senior leadership will hold a conference of the Financial and Operational Performance of the company for the Quarter ended 30th June 2026. This would begin ~1930 hours IST today (Friday, 17th July 2026).
Jul 17, 2026, 4:52 pm IST
Reliance Industries Q1 Results Live: Investors Created Nearly Rs 46,500 Crore Wealth In Reliance
Riding on the back of strong buying trend, Reliance Industries market cap rose by Rs 46,500 crore to Rs 17.95 lakh crore on BSE. Reliance continues to be the largest company in India in terms of market valuation.
Reliance Industries recorded a huge 2.6% gains in the closing bell with the stock price ending at Rs 1326.50 apiece on BSE. The stock touched an intraday high and low of Rs 1,329.95 and Rs 1,295.60 apiece respectively.
Jul 17, 2026, 1:55 pm IST
Reliance Industries Q1 Results Live: O2C To Drive Reliance's Earnings In Q1
RIL is expected to post a strong quarter, with EBITDA up ~11% qoq (+15% yoy). Growth is led by improving O2C profitability, low-double-digit growth in Retail, and continued momentum in Jio through ARPU gains and subscriber additions: Equirus Securities. Key Things to Look for: O2C Margin, retail revenue growth, ARPU & Subscriber base growth, Price hikes in telecom, Capex updates.
Refining throughput to decrease by 7.2% YoY and 2.3% QoQ to 16.8mmt while GRM expected at USD10/bbl, Telecom ARPU to increase to Rs215.4 whereas the subscribers could stand at 531.6mn. Retail revenue to grow 16% YoY and (0.8)% sequentially to Rs977bn and EBITDA Margin at 7.26%: Yes Securities.
Shares of Jio Financial Services rallied sharply on Friday, climbing 3.70% to Rs 244.36, a gain of Rs 8.71 over the previous close at the time of writing. The rally in Jio Financial shares is mainly because Reliance Group's non-banking financial arm reported a strong set of numbers for the first quarter of FY27, sending the stock higher even though it is well below its 52-week high of Rs 338.60.
Reliance Industries Q1 Results Live: What To Expect Overall?
Reliance is expected to report a strong quarter due to improved performance of the O2C business. Also, the company is expected to benefit from its telecom giant, Jio's increased ARPUs. Additionally, retail businesses' margins are expected to grow as well. All in all, billionaire Mukesh Ambani's behemoth is expected to perform strongly in the majority of verticals.
Ahead of Q1, Reliance's stock price traded at Rs 1319.20 apiece on BSE, registering an upside of 2.03%. The company's market cap stood at Rs 17,85,212.51 crore.
Reliance traded near its intraday high of Rs 1,323.80 apiece and emerged among top bullish stocks of the day, lifting broad-based Sensex and Nifty eventually.
Experts advises investors to focus on Reliance's O2C Margin, retail revenue growth, ARPU & Subscriber base growth, Price hikes in telecom, and Capex updates.
Jul 17, 2026, 11:29 am IST
Reliance Industries Q1 Results Live: Key Estimates For Reliance's Verticals
Reliance Industries' Q1FY27 is expected to see modest sequential growth across most businesses. O2C EBITDA may rise 2% QoQ to ₹14,800 crore, while Retail EBITDA is likely to increase 1% QoQ to ₹6,990 crore. Upstream EBITDA could decline 5% QoQ to ₹3,960 crore. Meanwhile, Jio's ARPU is expected to improve 1% QoQ, supported by an estimated 9.5 million subscriber additions during the quarter.
Jul 17, 2026, 9:39 am IST
Reliance Industries Q1 Results 2026 Live: FY26 Performance Of The Behemoth
Profit Growth: Reliance Industries' FY26 net profit (including share of profit/loss from associates & JVs) rose 17.8% YoY to ₹95,754 crore.
Stronger EBITDA: Consolidated EBITDA increased 13.4% YoY to ₹2,07,911 crore, with Jio Platforms (JPL) EBITDA rising 18.8% on strong revenue growth and improved margins.
Revenue Expansion: Gross revenue grew 9.8% YoY to ₹11.76 lakh crore, reflecting broad-based growth across the company's businesses.
Reliance Industries delivered a strong FY26 performance, with double-digit growth in profit, EBITDA, and revenue. Robust performance from Jio Platforms, supported by higher revenue and margin expansion, helped drive earnings, while the company achieved gross revenue of ₹11.76 lakh crore for the year.
Profit Falls: Reliance reported a Q4FY26 net profit of ₹16,971 crore, down 12.55% YoY from ₹18,645 crore and 8.98% QoQ.
EBITDA Stable: EBITDA remained steady at ₹48,588 crore, with strong growth in Digital Services and Retail offset by weakness in the Energy business.
Revenue Rises: Gross revenue increased 12.9% YoY to ₹3,25,290 crore, driven by double-digit growth across O2C, Digital Services, and Retail.
Reliance Industries reported a mixed Q4FY26 performance. While net profit declined to ₹16,971 crore, the company maintained a stable EBITDA of ₹48,588 crore as strong growth in Digital Services and Retail offset weakness in its energy businesses. Meanwhile, gross revenue rose 12.9% YoY to ₹3.25 lakh crore, supported by double-digit growth across O2C, Retail, and Digital Services.
Jul 17, 2026, 9:35 am IST
Reliance Industries Q1 Results 2026 Live: What To Expect In Reliance Earnings?
RIL is expected to post a strong quarter, with EBITDA up ~11% qoq (+15% yoy). Growth is led by improving O2C profitability, low-double-digit growth in Retail, and continued momentum in Jio through ARPU gains and subscriber additions: Equirus Securities.
Reliance Industries stock price soared by nearly 1.2% to trade around Rs 1,308 per piece at the time of writing on BSE. The market cap stood at Rs 17,70,056.06 crore. The stock has touched an intraday high and low of Rs 1,311.60 apiece and Rs 1,295.60 apiece respectively.
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