Reliance share price falls 2% despite posting 76% rise in net profit in Q1FY25. Opportunity to buy?

Reliance Industries share price fell over 2 per cent in Monday's trading session despite oil-to-telecom conglomerate reported 76 per cent rise in its consolidated net profit for the June quarter.

At 9:22 am, Mukesh Ambani-owned stock was trading at ₹1,448.80. The stock opened at ₹1,465 apiece in early morning session on Monday, July 21, as compared to previous close of ₹1,476 on Friday.

Mukesh Ambani-led conglomerate reported its highest-ever consolidated quarterly EBITDA and net profit, driven by robust performances in its telecom, retail, and oil-to-chemical businesses.

For the June quarter (Q1FY26), the company delivered a 76 per cent year-on-year surge in consolidated profit after tax (PAT), exceeding market expectations. PAT stood at ₹30,681 crore, up 75.84 per cent from ₹17,448 crore in the corresponding period last year.

Gross revenue for the quarter grew by 6 per cent year-on-year to ₹2,73,252 crore, compared to ₹2,57,823 crore in Q1FY25.

Consolidated EBITDA climbed 35.7 per cent year-on-year to ₹58,024 crore, up from ₹42,748 crore. The EBITDA margin also saw significant improvement, rising by 460 basis points to 21.2 per cent from 16.6 per cent a year ago.

“Reliance has begun FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1Q FY26 improved strongly from a year-ago period, despite significant volatility in global macros," said Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries.

Anuj Gupta of Ya Wealth Research & Advisory says that one can buy reliance towards buy side as prices are forming higher top higher bottom formation along with strong results may provide further support.

“ As we have seen that in last quarter it increased by 17.68%. We noticed a strong trend in reliance stock . We are expecting it may open with gap on Monday and may test 1500 to 1530 levels . And also expecting it may test 1600 to 1800 range in next 6 months ,” Gupta said.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories