Reliance Industries Q3 Results Today: What Can Investors Expect?

Oil-to-telecom conglomerate Reliance Industries is set to announce its Q3 results today. According to reports, the company will record sustained growth in revenue and profit greatly influenced by the strong performances of the telecom and retail sectors.

Reliance Industries' consolidated Q3 revenue is expected to range between Rs. 2.54 lakh crore and Rs. 2.56 lakh crore, up 6.2 per cent to 7.1 per cent YoY and 0.5 per cent to 1 per cent QoQ, Upstox reports, citing experts. The company's revenues stood at Rs. 2.54 lakh crore and Rs. 2.39 lakh crore in Q2 FY2026 and Q3 FY2025, respectively.

Profit Forecast
According to the report, net profit attributable to shareholders is expected to hit between Rs.18,550 crore and Rs.18,700 crore. This is a 2 to 3 per cent increase compared to the preceding quarter, though it is projected to remain flat on an annual basis. Reliance had reported Rs.18,540 crore in Q3FY25 and Rs.18,165 crore in Q2FY26.

Operating Performance
Analysts expect consolidated EBITDA to stand between Rs.47,200 crore and Rs.47,630 crore, marking a 6 to 7 percent increase year-on-year driven by robust refining margins, the impact of a weaker rupee on the oil-to-chemicals division, and higher average revenue per user in the telecom business.

Market Reaction
Ahead of the results, Reliance shares were trading at Rs.1,458 on Friday, January 16, up 0.4 per cent. The stock has declined 7.1 per cent so far this month. Analysts attribute the fall in share price to volatility in crude oil prices and a broader market sell-off amid geopolitical tensions.

Technical View
According to Upstox, the stock has reversed sharply from the Rs.1,600 level and is currently trading below its 50-day exponential moving average. So, analysts see a short-term momentum loss. The stock is now reaching the 200-day EMA, near Rs. 1,445, which is acting as immediate support.
Analysts believe that as long as the stock holds above Rs. 1,440-1,430, the medium-term trend remains intact, and the current decline can be seen as a pullback towards long-term support. However, a fall below Rs. 1,425 could weaken the sentiments and potentially drag the stock towards Rs. 1,380-1,350.

Options Market Signals
The options market is pricing in a possible move of about ±3.7 per cent around the at-the-money strike of Rs.1,460 for the January 27 expiry. This suggests traders expect the stock to swing between Rs.1,405 and Rs.1,515 following the earnings announcement.

Trading Strategies
With volatility expectations elevated, traders are considering straddle strategies. A long straddle, which involves buying both a call and a put option at the same strike price and expiry, could benefit if the stock moves more than ±3.7 per cent in either direction. The risk is limited to the premiums paid, the report said.

On the other hand, a short straddle – selling both the call and put at the same strike – would pay off if Reliance remains within the implied range after the results. This strategy, however, carries significant risk if the stock breaks out sharply.

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