Reliance Industries Q1 Results LIVE: Mukesh Ambani-led RIL likely to post 30-40% YoY jump in profit

Reliance said it will hold an analyst meet, post Board Meeting to discuss the financial results for the quarter ended June 30, 2025.

Reliance Industries’ net profit in the April-June quarter is expected to see a strong one-off gain from the Asian Paints stake sale. The company’s consolidated operating profit, or EBITDA, is also likely to jump led by healthy performance of core verticals, such as oil-to-chemicals (O2C), telecom, and retail.

Reliance’s consolidated revenue in Q1FY26 is projected to grow 7% YoY to ₹2.5 lakh crore, while net profit is expected to jump 40% YoY and EBITDA is estimated to rise by nearly 16% YoY. Analysts expect Reliance’s O2C segment to benefit from higher GRMs and better petchem in Q1FY25, whereas Jio is anticipated to gain from increased Average Revenue Per User (ARPU) and subscriber base. Reliance Retail’s EBITDA margins are expected to remain stable.

Reliance share price has gained just 3% in one month, while the stock has risen 15% in three months. Reliance Industries shares have registered 20% year-to-date (YTD) gains, and the stock has risen 66% in the past five years.

Stay tuned to our Reliance Q1 Results LIVE Blog for the latest news updates.

Reliance Q1 Results LIVE Updates: Mukesh Ambani-led Reliance Industries Ltd (RIL) reported a 6% year-on-year (YoY) increase in consolidated profit for the March quarter of FY25 (Q4FY25). The company posted a net profit of ₹22,434 crore, up from ₹21,143 crore in Q4FY24.

Revenue from operations rose nearly 10% YoY to ₹2,64,573 crore, compared to ₹2,40,715 crore in the same quarter last year.

EBITDA for the quarter stood at ₹48,737 crore, marking a 3.6% YoY growth from ₹47,050 crore in Q4FY24. However, the EBITDA margin declined by 90 basis points, coming in at 16.9%, down from 17.8% in the year-ago period.

Reliance Q1 Results LIVE Updates: Reliance Jio Platforms, the telecom and digital services arm of billionaire Mukesh Ambani’s Reliance Industries, has decided to postpone its much-anticipated IPO, two people familiar with the matter told Reuters.

Analysts currently value Jio at over $100 billion. One of the sources said the company aims to strengthen its financial performance by boosting revenue, expanding its telecom subscriber base, and scaling up its digital offerings to secure a higher valuation before going public.

Reliance Retail is in the process of transferring its consumer goods business to a newly formed entity, New Reliance Consumer Products Ltd (New RCPL). According to the scheme submitted to the NCLT, the FMCG brands business will be transferred and vested from Reliance Retail Ltd (RRL) to New RCPL.

Reliance Q1 Results LIVE: "At the current juncture, Reliance faced resistance near the ₹1,550 mark, followed by a pullback toward its previous breakout zone. While the price has so far respected this support, the RSI has breached its prior support level, which raises caution," said Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers.

Reliance Q1 Results LIVE: Prabhudas Lilladher (PL) Capital expects Reliance Q1 profit to surge 34% YoY to ₹20270 crore, while the figure could grow 4.5% in its estimates on a QoQ basis. It pegs Q1 sales at ₹227590 crore, down 2% YoY.

“Improvement in refining margin and petchem spreads QoQ despite 1m shutdown in one crude unit is likely to result in QoQ growth in standalone EBITDA to ₹16200 crore; Jio expected to report EBITDA of ₹17900 crore while retail is expected to report EBITDA of ₹6050 crore,” said PL Capital.

Reliance Q1 Results LIVE: O2C EBITDA increased by 3% quarter-on-quarter to ₹155.1 billion. Upstream EBITDA declined by 5% QoQ to ₹48.9 billion. Retail EBITDA is expected to remain steady at ₹67.4 billion for the quarter. Jio’s ARPU is likely to rise by 1% QoQ, while its subscriber base is projected to grow by 6 million in Q1FY26.

Source: Emkay Global

Reliance Q1 Results LIVE: Saurabh Jain, Equity Head, Research- Fundamentals, SMC Global Securities, expects Reliance to deliver a strong performance driven by resilience and operational strength across its core verticals, such as O2C, Jio, and retail.

Jain underscored that Reliance appears to be entering a phase of recovery and strategic momentum, particularly in the O2C segment, which had faced pressure in recent quarters due to volatile refining margins and weak petrochemical spreads. In digital services, Jain expects Jio to report steady performance, driven by consistent subscriber additions and increasing penetration of fixed broadband, particularly through its 5G fixed wireless access solutions.

"Despite pressures from rising depreciation and financing costs associated with the 5G rollout, the segment continues to sustain margin and profit growth," said Jain.

"The retail segment is also expected to deliver steady performance, supported by consistent expansion in store footprint and improved operational efficiency, reflected in higher revenue per square foot. Key aspects to watch in the results include management commentary on green energy investments and the pace of monetisation in newer verticals," Jain said.

Reliance Q1 Results LIVE: JM Financial reiterated ‘Buy’ rating on Reliance stock ahead of the Q1 results. “We maintain BUY on RIL as we believe RIL has industry-leading capabilities across businesses to drive a robust 15–20% EPS CAGR over the next 3–5 years, particularly driven by both consumer businesses, with Jio’s ARPU expected to rise at ~13% CAGR over FY25–28,” the brokerage said.

Reliance Q1 Results LIVE: Kotak Institutional Equities (KIE) expects Reliance Jio profit to rise 28% YoY to ₹6964 crore, as against ₹5445 crore in the same period last year. Meanwhile, it said sales could grow 17% YoY to ₹31012 crore.

"We expect EBITDA for R-Jio to further increase ~4.2% QoQ (18.6 % YoY) on the further benefit of the tariff hike from July-2024. We assume blended ARPUs to rise to ₹209.5 (from ₹206 QoQ) and a 2.2% increase in quarter-end subscribers," the brokerage said.

Reliance Q1 Results LIVE: Reliance Industries (RIL) share price closed on a flat note with a negative bais. On the BSE, RIL stock settled 0.02% lower at ₹1476.85. Meanwhile, on the NSE, RIL share price closed 0.03% down at ₹1,476.

Reliance Q1 Results LIVE: MOFSL expect RIL’s consolidated EBITDA to rise 17% YoY to ₹453 billion, while standalone EBITDA is estimated at ₹155 billion, up 9% YoY. It expects production meant for sale at 16.9 mmt, down 5% YoY. Further clarity on ₹750 billion announcements in the new energy business, growth in Retail store additions, and any pricing action in Telecom are the key monitorables.

Reliance Q1 Results LIVE: Reliance Industries on Friday announced that its subsidiary Reliance Retail has acquired refrigerator manufacturer Kelvinator. The announcement comes ahead of the release of Reliance Q1 results today. Isha Ambani-led Reliance Retail announced the acquisition of refrigerator and washing machine manufacturer Kelvinator, a move to amplify its range of offerings in India’s fast-growing consumer durables sector. However, Reliance Retail did not disclose the financial details of the transaction.

Reliance Q1 Results LIVE: JM Financial assumes Reliance’s O2C EBITDA is likely to be flattish QoQ at ₹151 billion as partial refinery shutdown-led decline in refining throughput (down 1.8% QoQ at 16.2 mmt) and marginal inventory loss largely offset the benefit of slight improvement in GRM to $10.0 per barrel (vs. RIL’s implied GRM of $9.6/bbl in 4QFY25) and strong auto-fuel marketing margin. Further, petchem margin is expected to continue to remain weak and largely flattish QoQ. E&P EBITDA is expected to decline 2.9% QoQ to ₹50 billion on natural decline in KG D6 gas output.

Reliance Q1 Results LIVE: Reliance Industries is estimated to post 0.3% QoQ drop in Q1FY26 consolidated net profit at ₹19,349 crore, while revenue is expected to fall 4.8% QoQ to ₹2,48,782 crore. On a YoY basis, net profit is expected to rise 27.8%, while revenue growth is seen at 7.3%. EBITDA is expected to increase 2.4% QoQ to ₹44,883 crore, while EBITDA margin may expand by 127 bps QoQ to 18.0%, as per JM Financial.

Reliance Q1 Results LIVE: Analysts at PL Capital expects Reliance Industries to report improvement in refining margin and petchem spreads QoQ despite 1m shutdown in one crude unit, which is likely to result in QoQ growth in standalone EBITDA to ₹162 billion. Jio expected to report EBITDA of ₹179 billion while retail is expected to report EBITDA of ₹60.5 billion.

Reliance Q1 Results LIVE: RIL's EBITDA is estimated to rise 3% QoQ and 16% YoY led by solid O2C and Jio performance. O2C earnings should grow 6% QoQ on higher GRMs and improve petchem margins. Jio's EBITDA may rise 2% QoQ, supported by 1% ARPU increase ( ₹208 vs. ₹206.3) and the addition of 7.5 million subscribers (base at 495.7 million). The retail EBITDA is expected to remain flattish QoQ. Upstream EBITDA could soften slightly on lower KGD6 volumes and realization, said Antique Stock Broking.

Reliance Q1 Results LIVE: Yes Securities expects Reliance Industries’ Q1FY26 net profit to rise 4.8% QoQ and 35.8% YoY to ₹23,693 crore, while revenue to fall 4% QoQ and grow 8.2% YoY to ₹2,50,900 crore.

Refining throughput is expected to increase by 0.6% YoY but decrease by 0.6% QoQ to 17.8 mmt, while GRM expected at $11.7 per barrel. Telecom ARPU is estimated to increase to ₹208.7, whereas the subscribers could stand at 497.6 mn. Retail revenue likely to grow 20.8% YoY and 3.1% sequentially to ₹91,380 crore and EBITDA margin at 7.6%, Yes Securities said.

Reliance Q1 Results LIVE: Reliance O2C segment is expected to gain from higher GRMs and better petchem, whereas JIO is anticipated to benefit from increased ARPU and subscriber base. EBITDA margins for the retail segment are probably going to remain stable. Retail, digital services, and O2C EBITDA are forecast to expand by 19%, 18%, and 18%, supporting RIL’s anticipated 14.7% YoY consolidated EBITDA growth. Meanwhile, downstream EBITDA may fall by 4% as a result of lower crude prices. Jio’s ARPU is expected to increase by 1% on a quarterly basis to ₹210.3, with around 491.2 million subscribers, said Anubhav Sangal, Senior Research Analyst at Bonanza.

Reliance Q1 Results LIVE: Reliance’s reported net profit is expected to be boosted by one-off gains of nearly ₹90 billion (post-tax) on Asian Paints stake sale. The company’s consolidated EBITDA in Q1FY26 is estimated to rise by 15.4% YoY (+2.1% QoQ), with a 19-20% YoY increase for O2C, digital and retail, offset by weak E&P (exploration & production), said Kotak Institutional Equities. It expects RIL's Q1 EBITDA for digital services to increase 3.7% QoQ and 20% YoY, driven by the continued flow-through of tariff hikes.

Reliance Q1 Results LIVE: Reliance share price eased ahead of Q1 results today. RIL stock price opened higher at ₹1,482.10 apiece as against its previous close of ₹1,477.10 per share. Reliance share price hit an intraday high of ₹1,485.05 apiece, and a low of ₹1,469.00 apiece on the BSE.

Reliance Q1 Results LIVE: Reliance Industries’ net profit in the April-June quarter is expected to see a strong one-off gain from the Asian Paints stake sale. The company’s consolidated operating profit, or EBITDA, is also likely to jump led by healthy performance of core verticals, such as oil-to-chemicals (O2C), telecom, and retail.

Reliance Q1 Results LIVE: Reliance Industries (RIL), the billionaire Mukesh Ambani-led energy-to-telecom conglomerate, is set to announce its Q1 results today. The board of directors of Reliance Industries will meet today to consider and approve the financial results for the first quarter of FY26. Reliance said it will hold an analyst meet, post Board Meeting to discuss the financial results for the quarter ended June 30, 2025.

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