Shares of Reliance Industries Ltd (RIL) closed nearly 4 percent higher on Monday following the company’s report of a 9.6 percent year-on-year increase in net profit for the September quarter. This growth was attributed to strong performances in its retail and telecom sectors, alongside a recovery in its core oil-to-chemicals (O2C) segment.
On the Bombay Stock Exchange (BSE), Reliance shares rose by 3.52 percent, finishing at ₹1,466.80, after reaching an intraday high of ₹1,473.55, a 3.99 percent increase. At the National Stock Exchange (NSE), the stock climbed 3.60 percent to close at ₹1,467.90.
The company’s market capitalization increased by ₹67,459.38 crore, bringing it to ₹19,84,943.09 crore. The surge in Reliance shares contributed to a rise in the broader equity markets, with the BSE Sensex gaining 411.18 points, or 0.49 percent, to settle at 84,363.37, and the NSE Nifty rising 133.30 points, or 0.52 percent, to reach 25,843.15.
For the July-September quarter—the second quarter of the fiscal year 2025-26—Reliance reported a consolidated net profit of ₹18,165 crore, up from ₹16,563 crore during the same quarter the previous year. However, this represented a sequential decline of 33 percent compared to ₹26,994 crore in the April-July quarter.
The company’s telecom earnings increased by 13 percent year-on-year, supported by new customer additions, higher per-user income, and its wireless broadband services becoming the world’s largest. Retail earnings surged by 22 percent due to improvements in store operations, while the refining margins and record crude oil processing levels bolstered the O2C business.
Jio Platforms Ltd, Reliance’s subsidiary responsible for telecom and digital operations, reported a profit increase of 13 percent, reaching ₹7,379 crore for the second quarter.
