Reliance stock reports June quarter revenue growth despite profit decline

Published on 09/29/2026 at 12:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Reliance stock generated INR 311,850 crore in revenue for the June 30, 2026 quarter, up 25.41 percent year over year. Net profit fell 22.40 percent.

Reliance, INE002A01018, Illustration mit AI erstellt.

Reliance stock (ISIN INE002A01018) reported consolidated revenue of INR 311,850 crore for the quarter ended June 30, 2026, up 25.41 percent year over year, according to Sahi. The result combines strong top-line growth with a lower reported profit base, making earnings quality and capital allocation central to the stock story on September 29, 2026.

Revenue clears INR 300,000 crore

Reliance reported consolidated net profit of INR 20,946 crore for the June 2026 quarter, down 22.40 percent year over year, while profit excluding exceptional items grew 15.90 percent, Sahi reported. The comparison matters because the prior-year period included a one-time gain of INR 8,924 crore from the Asian Paints stake sale.

Consolidated debt stood at INR 369,705 crore on June 30, 2026, down from INR 374,421 crore on March 31, 2026, according to Sahi. Debt therefore fell by INR 4,716 crore across the quarter, even as revenue crossed INR 300,000 crore.

Bond funding adds a capital test

Reliance planned a five-year bond issue of INR 125,000 million with a 7.47 percent annual coupon, according to The Economic Times on September 16, 2026. The issue comprised an INR 100,000 million base size and an INR 25,000 million greenshoe option, placing financing discipline alongside the group's expansion plans.

The funding arrives as Reliance advances the proposed Jio Platforms IPO. StockFin reported that the company received SEBI's observation letter for the draft prospectus on August 28, 2026, a regulatory step that supports the planned listing process.

Analyst target stays above NSE price

Antique Broking reiterated a Buy rating and set a target of INR 1,717 per share, Business Today reported on September 10, 2026. The target is INR 519.40 above the NSE close cited below, while the brokerage linked its view to three potential developments over the following six months.

That valuation case still faces operating sensitivities. Reliance remains exposed to refining margin swings, retail execution and the timing of value realization from Jio Platforms, while the June quarter comparison shows that exceptional gains can materially affect reported profit.

NSE close falls to yearly low

Reliance closed at INR 1,197.60 on the NSE on September 28, 2026, down 2.32 percent from the prior close of INR 1,226.00. The close matched the reported 52-week low of INR 1,197.00, against a 52-week high of INR 1,611.80, while market capitalization stood at INR 16.2 trillion.