Reliance Q2 Results Date: RIL Stock Nears 1-Yr Low; When Is Earnings? Any Dividends, Bonus Ahead Of Diwali?

Just as its telecom giant Jio Platforms debuted on Indian stock exchanges, the behemoth Reliance Industries crashed so profoundly that it neared its 52-week low. Reliance is less than Rs 7 away from breaching the low mark. And the next trigger for its stock price is the upcoming Q2 results. Reliance is expected to report stable to healthy growth in operating profits across verticals. Alongside its own Q2 results, Reliance's newly listed subsidiary, Jio Platforms would likely declare its first quarterly earnings since listing. Amidst this, investors will further eye any dividend or bond rewards from Reliance ahead of the Diwali festival.

Reliance Industries Share Price Nears 52-week low

In the closing bell, Reliance Industries' share price stood at Rs 1158.50 apiece on BSE, crashing by 3.5% with market cap of Rs 15,67,744.61 crore. Reliance is near its intraday low of Rs 1,156.60 apiece which is also closer to its 52-week low of Rs 1,152.30 apiece.

In fact, at the current market price, Reliance is just Rs 6.2 away from hitting or crossing its 52-week low.

Bulls turned away from Reliance despite Jio Platforms strong listing. Jio closed at Rs 1419 apiece on BSE, which is up by 4.5% from its listing price of Rs 1,358.00 apiece and higher by 27% from its IPO issue price of Rs 1,119 apiece. Jio's market cap breached the Rs 13 lakh crore threshold, making Reliance Industries the largest conglomerate of India.

The next key trigger is the Q2 earnings.

Reliance Industries Q2 Results Date

As per the regulatory filing, Reliance's board of directors are scheduled to meet on October 30th to declare standalone and consolidated unaudited financial results of the company for the quarter and half year ended September 30, 2026.

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 was due to one-time profit from sale of listed investments of Rs 8,924 crore in 1Q FY26.

On the top-line front, Mukesh Ambani's giant had 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.

Meanwhile, in Q1, Jio had posted profit after tax of Rs 7,764 crore, up by 9.2% YoY and revenue surged by 12% YoY to Rs 45,961 crore.

Reliance Industries Q2 Results Preview:

Analysts at Kotak Institutional Equities said, "We expect RIL's consolidated EBITDA to rise by 15% yoy (up 11.1% qoq). We expect segment EBITDA to rise 47% yoy for O2C, while retail EBITDA is expected to decline by a marginal 0.8% yoy, and oil and gas segment EBITDA likely to decline 7.2% yoy. O2C will likely benefit from strong SEZ refinery earnings (no windfall tax impact), US ethane-based petchem and weak INR. We expect relatively muted retail business, with 11.7% yoy revenue growth and lower EBITDA margin, and weak oil & gas business on declining production."

On the consolidated front, Reliance's EBITDA for 1) Retail to be down 0.8% yoy (up 7.2% qoq), 2) O2C to be up 47% yoy (up 29% qoq) and 3) E&P to decline 7.2% yoy (down 6.7% qoq).

Reliance Industries Q2 Results: Any Dividends, Spits, Bonus

In the regulatory filing, Reliance has not revealed any plans to announce dividends, bonuses or splits. However, the company plans fundraising.

It said, board will consider and approve "raising of funds by way of issuance of listed, secured / unsecured, redeemable non-convertible debentures on private placement basis, in one or more tranches."

The last bonus issue by Reliance was in October 2024 in the ratio of 1:1 and during the time of Diwali festival. Since then, Reliance rewarded investors with two separate final dividends of Rs 5.50 per share in April 2025 and Rs 6 in June 2026. Reliance holds strong dividend record and bonus issues.

Since May 2003, Reliance has rewarded up to 26 dividends, while it carried three bonus issues of 1:1 each in 2009, 2017, and 2024. So watch out for any new corporate action on October 30, 2026.

Should You Buy Reliance Industries Stock Price?

The consensus recommendation from 25 analysts for Reliance Industries is STRONG BUY, as per Trendlyne data. The average 1-year target on Reliance is of Rs 1,666, indicating up 44% potential upside.

According to analysts at Religare Broking, Reliance is a good bet amidst Jio IPO listing. While recommending ACCUMULATE ahead of Jio listing, analysts pointed out institutional equity markets consistently discount major corporate catalysts well before formal execution.

They believe that building exposure in RIL at current levels enables investors to secure full participation in Jio's value discovery while retaining 100% upside in RIL's other mega-engines – Retail, O2C, and New Energy.

Additionally, listing Jio establishes an independent, quoted market price for RIL's largest growth asset, providing unquestionable transparency to RIL's Sum-of-the-Parts (SOTP) structure and directly triggering a structural compression in the conglomerate discount.

Hence, Religare set Rs 1,696 target.

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