RIL Q2 Results Preview: Profit outlook brightens as O2C business set to drive growth
Reliance Industries made an announcement in a quarterly results development.
· ET Stocks, Economic Times Markets
Reliance Industries is expected to report 15-17% year-on-year growth in September-quarter EBITDA, driven by a sharp recovery in its oil-to-chemicals business. Brokerages expect stronger refining margins, higher throughput and a weaker rupee to offset subdued retail and oil and gas performance.
The analysis
Reliance Industries reported movement of -17%. 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 (RELIANCE), in Oil & Energy.
- Over three months: Reliance Industries -8.5% against Oil & Energy -5.1% (3.4 points behind).
- At least 25% below the 52-week high: Reliance Industries (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Reliance IndustriesRELIANCE · 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
Chemicals
1M -8.2% · 3M -13.4%
Prices as of 29 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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