Reliance Industries sets October 30 for Q2 FY27 results; NCD fundraise on board agenda

Reliance Industries (RIL), the oil-to-telecom conglomerate, has finally unveiled its earnings schedule for the September quarter (Q2 FY27). In a stock exchange filing on Tuesday evening, the conglomerate announced that it will announce its financial results on Friday, October 30, 2026.

The company said its board of directors will consider and approve the standalone and consolidated unaudited financial results for the quarter and half year ended September 30, 2026.

Fundraising on agenda

The board will also consider raising funds through the issuance of listed, secured or unsecured, redeemable non-convertible debentures (NCDs) on a private placement basis, in one or more tranches.

RIL will hold an analyst meet after the board meeting to discuss its financial performance for the quarter and half-year.

Q2 results after Jio Platforms listing

The timing coincides with the IPO and listing of its telecom and digital services subsidiary, although RIL has not officially attributed the later results date to these events.

RIL Q1 FY27 earnings

Reliance Industries reported record quarterly core profit and EBITDA for the June quarter (Q1 FY27), powered by strong performances across its oil-to-chemicals and telecom businesses.

Its consolidated revenue rose 25.4% year-on-year to ₹3.12 lakh crore, the oil-to-telecom conglomerate said in a statement.

Strong performance

On a recurring basis - stripping out a one-off ₹8,924 crore gain from the sale of listed investments in the year-ago quarter - EBITDA climbed 10.1% to a record ₹54,067 crore, while profit after tax (PAT) rose 6.1% to a record ₹23,196 crore.

The resilient earnings came in a quarter marred by elevated crude prices following the Iran war.

The supply-chain disruptions that followed the war led the company to raise LPG production by diverting streams it otherwise used to produce value-added petrochemicals.

Growth drivers

Core earnings in the oil-to-chemicals business, which includes its twin refining assets and petrochemical plants, rose 17.2% from a year earlier.

Telecom business continued to be a key driver, reporting a core earnings growth of 15.1%, a 533-million-strong subscriber base and expanding revenues from technology investments.

Retail business, however, was muted due to continued investment in digital commerce platforms.

Profits in April-June - the first quarter of the 2026-27 fiscal year - were also impacted by higher finance costs and depreciation, following the capitalisation of 5G assets.

Jio Platforms Ltd (JPL) reported record EBITDA of ₹20,865 crore, up 15.1% year-on-year, with margins expanding 150 basis points to 53.3%.

The unit’s subscriber base topped 533 million, including 285 million on Jio’s True5G network.