RIL Q2 Results: Nuvama sees 17% EBITDA growth, led by O2C biz. Here’s what to expect
Reliance Industries is in focus in a quarterly results development for Q2FY27.
· ET Stocks, Economic Times Markets
Reliance Industries is expected to report 17% year-on-year growth in Q2FY27 EBITDA to Rs 53,700 crore, led by stronger refining margins and higher throughput, according to Nuvama Research. While the O2C business is likely to drive near-term earnings, New Energy could emerge as a key growth driver, with EBITDA projected to reach Rs 20,100 crore by FY30.
Key facts
- Period
- Q2FY27 and FY30
The analysis
Reliance Industries reported Rs 53,700 crore, Rs 20,100 crore and Rs 1,766 for Q2FY27, with movement of 17% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -2.5% on the day at ₹1,177.40, and has returned -7.9% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -0.3% over the same period, so Reliance Industries is running 7.6 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy.
In this story
Related coverage
Vodafone Idea zooms 12% after FPO sees 6x subscription; focus shifts to allotment, listing
Jefferies favours Indian largecap stocks amid rising bond yields
India may provide cheapest AI access to every citizen in 5-7 yrs: Jio exec
Reliance shares may be a cheaper way to buy Jio Platforms after its listing
Bharti Airtel's Sunil Bharti Mittal backs Jio's public listing, says ‘looking forward to a very successful IPO’