RIL Q2 preview: Double-digit Ebitda growth seen; fundraising update eyed
Reliance Industries is in focus in a quarterly results development.
· Business Standard Mkts
RIL's standalone Ebitda is expected to stay flat QoQ at ~₹19,540 crore, said PL Capital, driven by higher crack spreads, but partly offset by elevated crude costs.
The analysis
Reliance Industries reported ₹19,540 crore. 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 +0.8% on the day at ₹1,167.40, and has returned -8.5% over three months. It sits 27% below its 52-week high, which means a good deal of bad news was already in the price. The oil & energy sector has moved -5.1% over the same period, so Reliance Industries is running 3.4 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
- In focus: Reliance Industries (RIL) (RELIANCE), in Oil & Energy.
- Over three months: Reliance Industries (RIL) -8.5% against Oil & Energy -5.1% (3.4 points behind).
- At least 25% below the 52-week high: Reliance Industries (RIL) (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance Industries (RIL)RELIANCE · Oil & Energy | ₹1,167.40 | +0.8% | -1.2% | -8.5% | -26.7% | 1.4× | — |
Oil & Energy
1M -3.8% · 3M -5.1%
Reliance Industries (RIL)
Capital Goods & Engineering
1M -8.8% · 3M -3.3%
Capital Markets
1M -0.3% · 3M -5.2%
Prices as of 29 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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