Hello and welcome to our live coverage on RIL Q1 results.
Reliance Industries is set to announce its June quarter (Q1 FY27) results later today, with analysts expecting profit growth to outpace revenue.
The oil-to-chemicals (O2C) business is expected to drive earnings growth, supported by stronger petrochemical spreads and higher refinery margins. Jio is likely to post steady growth, aided by a modest rise in average revenue per user (ARPU) and subscriber additions. In contrast, retail earnings may remain under pressure due to softer margins, while the oil and gas business is expected to see muted performance on lower production.
Investors will closely track management's commentary on crude sourcing, refinery and petrochemical margin outlook, retail demand, the new energy business, Jio tariff plans ahead of a potential IPO, JioFiber growth, capital expenditure and debt.
RIL Q1 Results Key Takeaways: O2C, Oil & Gas Drive Growth As Retail Tumbles To 20-Quarter Low
Reliance Industries Ltd. reported an in-line set of June quarter results, with stronger performance from its oil-to-chemicals (O2C) and oil & gas businesses driving earnings growth, while its retail business posted its weakest sequential performance in five years.
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Reliance Industries Q1 Live: Reliance Jio ARPU At Rs 215.60
- Reliance Jio ARPU at Rs 215.60 versus estimate of Rs 216.
- Rel Jio Subscribers at 53.3 crore versus estimate of 53.3 crore.
Reliance Industries Q1 Live: Digital Revenue Rises 2%
Reliance Digital Result Highlights (QoQ)
- Revenue up 2% to Rs 46,900 crore versus Rs 45,945 crore.
- Ebitda up 6% to Rs 21,255 crore versus Rs 20,041 crore.
- Margin expand to 45.32% versus 43.32%.
Reliance Industries Q1 Live: Retail Revenue Falls 8%
Retail Result Highlights (QoQ)
- Revenue down 8% to Rs 90,409 crore versus Rs 98,457 crore.
- Ebitda down 9% to Rs 6,309 crore versus Rs 6,921 crore.
- Margin contracted to 6.98% versus 7.03%.
Reliance Industries Q1 Live: Oil & Gas Revenue Rises 7%
Oil & Gas Result Highlights (QoQ)
- Revenue up 7% to Rs 6,298 crore versus Rs 5,867 crore.
- Ebitda up 19% to Rs 4,873 crore versus Rs 4,195 crore.
- Margin expand to 78.96% versus 71.50%.
Reliance Industries Q1 Live: O2C Revenue Rises 9%
O2C Result Highlights (QoQ)
- Revenue up 9% to Rs 2.02 lakh crore versus Rs 1.85 lakh crore.
- Ebitda up 17% to Rs 17,010 crore versus Rs 14,520 crore.
- Margin expand to 8.43% versus 7.85%.
Reliance Industries Q1 Live: Profit Rises 23%
Reliance Industries Q1 Result Highlights
- Revenue up 5% to Rs 3.09 lakh crore versus Rs 2.94 lakh crore. (Estimate: Rs 3.01 lakh crore)
- Ebitda up 8% to Rs 47,517 crore versus Rs 44,141 crore. (Estimate: Rs 46,367 crore)
- Margin expand to 15.4% versus 15% (Estimate: 15.4%).
- Profit up 23% to Rs 20,946 crore versus Rs 16,971 crore. (Estimate: Rs 20,451 crore).
Reliance Industries Q1 Live: Revenue Likely To Rise 4%
Reliance Industries Q1FY27 Preview (Consolidated; QoQ)
- Revenue seen up 2.4% at Rs 301024 crore vs Rs 294059 crore
- EBITDA seen up 5% to Rs 46367 crore vs Rs 44141 crore
- EBITDA Margin seen at 15.4% vs 15%
- Net profit seen up 20% at Rs 20451 crore vs Rs 16971 crore
Reliance Industries Q1 Live: Antique Expects Retail EBITDA To Rise 7% On Year
- Antique Stock Broking expects Reliance Retail's EBITDA to increase 7% year-on-year to Rs 6,830 crore.
- The brokerage expects the retail business to deliver steady earnings growth during the quarter.
Jio Results Live: Antique Sees Jio Ebitda Growing 2.4% Sequentially
Antique Stock Broking expects Reliance Jio's EBITDA to increase 2.4% quarter-on-quarter. The brokerage attributed the expected growth to subscriber additions and a modest improvement in ARPU.
Jio Results Live: Antique Expects Around Seven Million Subscriber Additions
- Antique Stock Broking expects Reliance Jio to add around seven million subscribers during the June quarter.
- The brokerage expects ARPU to improve to Rs 215 from Rs 214 in the previous quarter.
RIL Q1 Results Live: Antique Expects O2C EBITDA To Jump 25%
Antique Stock Broking expects the oil-to-chemicals business to post a 25% sequential increase in EBITDA. It attributed the expected growth to stronger gross refining margins and improved petrochemical spreads.
Reliance Industries Q1 Live: Antique Sees EBITDA Rising Nearly 9% Sequentially
- Antique Stock Broking expects Reliance Industries' EBITDA to increase 8.9% quarter-on-quarter to Rs 48,100 crore.
- The brokerage expects earnings growth across most major businesses.
RIL Q1 Results Live Updates: Antique Expects Healthy Quarter Across Most Businesses
Antique Stock Broking expects Reliance Industries to report a healthy June quarter across its major businesses, with the upstream oil and gas segment likely to be the only weak spot.
Reliance Q1 Earnings Live: JPMorgan Says Strong Commodity Margins Could Lift Estimates
JPMorgan said better-than-expected performance in the refining and petrochemicals business during the June quarter could lead to earnings estimate upgrades if higher commodity margins are reflected in the results.
RIL Q1 Results Live: JPMorgan Sees Scope For Strong O2C Performance
JPMorgan said Reliance Industries could benefit from stronger refining and petrochemical margins in the June quarter. The brokerage said an upside in commodity margins would improve confidence in earnings growth for the rest of the year.
Reliance Industries Q1 Live: Jefferies Expects Retail Margins To Ease
Jefferies expects Reliance Retail's EBITDA margin to decline slightly in the June quarter. The brokerage said investments to scale up the quick commerce business could weigh on margins.
Reliance Industries Q1 Live: Jefferies Sees Retail Revenue Growing Around 12%
- Jefferies expects Reliance Retail's overall revenue to grow around 12% year-on-year in the June quarter.
- Core retail revenue is projected to increase around 10%, while store area expansion is expected to remain modest.
RIL Q1 Results Live: Street Awaits Capex And Debt Commentary
Reliance Industries' management is expected to provide updates on capital expenditure plans and debt levels, which will be closely monitored by investors during the earnings call.
Reliance Industries Q1 Live: New Energy Outlook Among Key Watchpoints
Management's outlook for the new energy business will be one of the key areas investors track during the June quarter earnings announcement.
Reliance Q1 Earnings Live: Crude Sourcing Strategy To Be In Focus
Investors will closely watch management's comments on crude sourcing strategy and the outlook for refinery and petrochemical margins during the earnings call.
RIL Q1 Results Live Updates: Management Commentary On Jio IPO Plans In Focus
Management's commentary on tariff hikes ahead of a potential Jio IPO will be among the key takeaways from the earnings announcement. Investors will also look for updates on JioFiber growth.
Reliance Industries Q1 Live: Retail Earnings Likely To Remain Under Pressure
Retail earnings are expected to remain muted in the June quarter. Analysts expect lower margins to weigh on profitability despite continued business growth.
Reliance Q1 Earnings Live: Oil And Gas Business Seen Under Pressure
- Analysts expect the oil and gas segment's Ebitda to decline 1% sequentially to Rs 4,148 crore.
- Lower production is expected to weigh on the business during the quarter.
RIL Q1 Results Live: Refinery Maintenance Shutdown Seen Offsetting Some Gains
Reliance Industries carried out a maintenance shutdown at one of its four crude distillation units during the quarter. Analysts expect the impact of lower refining volumes to be largely offset by the weaker rupee.
Reliance Industries Q1 Live: Jio Growth Seen Driven By Higher ARPU And Customer Additions
Reliance Jio is expected to report steady sequential growth in the June quarter. Analysts expect earnings to benefit from a modest increase in ARPU and a rise in subscribers, with customer upgrades supporting revenue growth.
Jio Q1 Results Live: Subscriber Base Seen Crossing 53 Crore
- Reliance Jio's subscriber base is expected to reach 53.3 crore.
- That compares with 52.4 crore in the previous quarter.
Jio Q1 Results Live: ARPU Seen Rising To Rs 216
- Reliance Jio's average revenue per user (ARPU) is expected to increase to Rs 216 from Rs 214 in the previous quarter.
- Analysts attribute the improvement to customer upgrades.
RIL Q1 Results Live: Retail EBITDA Seen Falling 2%
- Retail EBITDA is estimated to decline 2% sequentially to Rs 6,784 crore.
- Analysts expect margins to remain under pressure during the quarter.
RIL Q1 Results Live Updates: O2C Business Seen Leading Earnings Growth
The oil-to-chemicals (O2C) business is expected to be the biggest driver of Reliance Industries' June quarter earnings. Analysts expect O2C EBITDA to rise 11% sequentially to Rs 16,146 crore, supported by stronger petrochemical spreads and higher refinery margins at the SEZ refinery.
Reliance Industries Q1 Live: Ebitda Seen Rising 5%
- Analysts expect Ebitda to increase 5% quarter-on-quarter to Rs 46,367 crore.
- Ebitda margin is seen improving to 15.4% from 15% in the previous quarter.
RIL Q1 Results Live: Revenue Seen At Rs 3.01 Lakh Crore
- Consolidated revenue is expected to increase 2.4% sequentially to Rs 3,01,024 crore.
- Revenue is estimated at Rs 3,01,024 crore versus Rs 2,94,059 crore in the March quarter.
Reliance Q1 Earnings Live: Net Profit Seen Rising 20% Sequentially
- Analysts expect Reliance Industries' consolidated net profit to rise 20% quarter-on-quarter to Rs 20,451 crore.
- Profit is estimated at Rs 20,451 crore compared with Rs 16,971 crore in the previous quarter.
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