Reliance Industries Set to Announce Q3 FY26 Results Today
Reliance Industries Limited will reveal its financial performance for the third quarter of fiscal year 2026 today. The company's board of directors meets on January 16, 2026, to review and approve these quarterly results.
Market analysts anticipate a stable showing from the Mukesh Ambani-led conglomerate. They point to consistent growth in key business areas as the primary driver.
Analyst Expectations for Reliance Q3 Performance
Financial experts project consolidated revenue growth between seven and ten percent year-on-year. Net profit is expected to increase by approximately five percent.
At the operational level, EBITDA should grow by about ten percent compared to the same period last year. This indicates strong underlying business performance.
Segment-Wise Breakdown of Projections
Oil-to-Chemicals (O2C) Business: Analysts forecast a ten percent quarter-on-quarter rise in O2C EBITDA. Year-on-year growth could reach fifteen percent.
Better refining margins and a weaker Indian rupee support this outlook. These factors partially offset continued weakness in the petrochemicals segment.
Telecom Operations (Jio): Reliance Jio's EBITDA may climb fifteen percent year-on-year. Quarterly growth is estimated at three percent.
The average revenue per user (ARPU) likely reached ₹214. This represents a modest increase of 1.3 percent from the previous quarter.
Retail Segment: Revenue growth for Reliance Retail might moderate to 9.6 percent year-on-year. The festive season split and the demerger of Reliance Consumer Products influence this figure.
Retail EBITDA is still expected to rise by six percent compared to last year. The segment continues to demonstrate resilience.
Areas of Concern and Future Focus
The oil and gas business shows persistent weakness. This remains a challenge for the diversified conglomerate.
Investors will watch several key areas in today's announcement:
- Updates on the new energy business initiatives
- Pace of retail store expansion and additions
- Potential pricing actions in the competitive telecom sector
These factors will provide crucial insights into Reliance's strategic direction.
Market Reaction Ahead of Results
Reliance share prices traded higher in anticipation of the quarterly results announcement. This positive movement reflects investor confidence in the company's performance.
The market clearly expects favorable numbers from India's largest private sector corporation. All eyes now turn to the official results declaration.
