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Reliance Industries Q4 results 2026 LIVE: Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries will announce its Q4 results on Friday, 24 April 2026.

The meeting of the Board of Directors of the company is scheduled to be held on Friday, April 24, 2026, to consider and approve the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. RIL board will also recommend a dividend on equity shares for FY26.

Ahead of the Q4 results, Reliance Industries' share price ended marginally lower by 0.90% on the BSE. It has, meanwhile, witnessed a 15% crash in 2026 so far.

Reliance Industries is likely to report subdued earnings for the fourth quarter of FY26, primarily due to continued weakness in its oil-to-chemicals (O2C) segment and modest growth in the retail business. In contrast, its telecom arm, Reliance Jio, is expected to deliver strong earnings growth.

On a consolidated basis, the company’s Q4FY26 revenue is projected to rise 9% quarter-on-quarter to ₹2,88,746 crore, up from ₹2,64,905 crore in the previous quarter. Net profit is estimated to increase by 4% to ₹19,390 crore, compared to ₹18,645 crore in Q3FY26.

Consolidated EBITDA is expected to remain largely flat, in the range of ₹45,000 crore to ₹46,000 crore. However, EBITDA margins are likely to see a sharp contraction, mainly due to pressure in the O2C business.

Track this space for LIVE updates on RIL's Q4 results 2026.

Bloomberg recently reported that Reliance Industries is likely to file draft paperwork for the initial public offering of Jio Platforms Ltd. in May

The timeline was pushed back because of a market downturn stemming from the war in Iran, the Bloomberg report added.

Market dislocation from the Israel-US-Iran war disrupted physical business operations despite a sharp uptick in benchmark O2C deltas.

Freight and insurance rates experienced a sharp jump, with the shipping halt in Hormuz driving opex higher. Physical market crude traded at sharp premiums. RIL’s marketing business was also hit by under-recoveries while diversion of propane from PP to LPG and cuts in HP-HT gas supplies further weighed on performance.

There was a sharp surge in naphtha prices.

RIL's consolidated 3Q FY26 EBITDA at ₹ 50,932 crore, up 6.1% YoY. Here's segment wise performance:

Investors will watch for Reliance Jio Platforms' IPO cues. Media reports suggest that Mukesh Ambani-led firm may file offer papers soon.

Jefferies said the operating profit in the oil-to-chemicals segment is likely to be hit by the scarcity premium on crude, higher freight costs and increased production of loss-making liquefied petroleum gas.

Centrum forecasts Reliance Jio to have added 5 million users to reach 520 million in the March quarter, while average revenue per user likely firmed marginally from the previous quarter to 216 rupees.

Retail segment should improve by 4% YoY, continuing its steady recovery seen in the last few quarters, said ICICI Sec.

ICICI Securities expects consolidated EBITDA to be flattish YoY (-4% QoQ) and PAT to decline by 17% YoY (13% QoQ) in Q4FY26E.

RIL’s OTC segment earnings are likely dip sharply YoY (down 9%), driven by higher crude cost, rise in shipment/insurance cost losses in the retail fuel segment, diversion of propane to produce LPG, and Naphtha prices almost doubling while product prices of PE, PP and MEG prices increasing only by 40-60%.

Reliance net sales could rise 8% on a consolidated basis to ₹282214.6 crore, while net profit may decline 1% to ₹19217.8 crore. EBITA growth could be 8.5% YoY, and margins could decline 7%.

O2C revenue is expected to increase by 13.9% YoY/ 15.7% QoQ led by a 2.5% YoY/1% QoQ jump in throughput while EBITDA to expand 18% YoY/8% QoQ, supported by improved diesel cracks amid a volatile environment.

— Views by Systematix

Reliance is expected to report Cons. EBITDA of ₹476bn, up 8.5% YoY/3.4% QoQ supported by steady performance in Retail & continued momentum in the telecom business, said Systematix.

Reliance is slated to announce a dividend along with its Q4 results today. According to Trendlyne data, RIL's dividend yield is 0.41%. In the last one year, the dividend announcement by the Mukesh Ambani-led firm has been ₹5.50.

Shares of RIL ended marginally lower ahead of Q4 results 2026 announcement. RIL stock ended at ₹1331.05 on the BSE, down 0.90%.

Jio’s revenue is likely to grow ~2.5% QoQ, driven by a ~0.6% increase in subscriber base along with a ~1% sequential improvement in ARPU to ~Rs216. ARPU stood at ₹213.7 in Q3.

Antique Stock Broking said that 4QFY26 EBITDA is estimated to increase 6.5% QoQ to ₹490 bn (+11.8% YoY), with growth across segments except upstream.

Elara Capital sees a 13.3% YoY rise in RIL's consolidated EBITDA while profit could grow 9.8% and sales by 8.8%. It has an 'accumulate' rating on Reliance stock with a target price of ₹1717.

Elara Capital expects standalone refiners, RIL and upstream PSUs (ONGC, Oil India) to benefit from strong crude oil price and product cracks environment in the near term due to supply shortage.

It said that RIL may post a strong 13% YoY EBITDA growth due to higher O2C and digital services (telecom) earnings. RIL’s Q4FY26E GRM is likely to be USD 19/bbl versus estimated USD 11/bbl in Q4FY25.

Kotak Institutional Equities expects RIL’s consolidated EBITDA to rise by ~2.7% YoY (down 2.2% qoq). It expects segment EBITDA be flat YoY for O2C, decline 9.2% YoY for oil & gas, and rise 4.2% for retail.

Shares of Reliance Industries were trading over 1% lower ahead of the Q4 results announcement amid a broader stock market selloff. RIL shares touched a low of ₹1327 on the BSE today. The 52-week low for India's biggest conglomerate stands at ₹1288 and the 52-week high at ₹1477.40.Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course of her career, she has reported extensively on global and domestic equities, IPO market activity, commodities, and broader macroeconomic trends. Her reporting reflects a keen eye for detail, data-driven analysis, and the ability to spot emerging themes early.

At Mint, Saloni has been part of the markets team for nearly two years, where she currently works as Chief Content Producer. In this role, she plays a key part in shaping market coverage, driving editorial strategy, and ensuring timely, accurate, and insightful reporting across. She has been closely involved in breaking news coverage and in crafting stories that help decode the complex financial developments.

Before joining Mint, Saloni worked with some of India’s leading business newsrooms, including The Economic Times and Business Standard. Throughout her career, she has worn multiple hats—ranging from reporting and editing to contributing in-depth features and identifying new storytelling formats and market trends.

Her experience in fast-paced digital newsrooms has given her an edge in simplifying complex market concepts without losing analytical depth. Outside of work, Saloni enjoys reading books and spending time with her pet.

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