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Published On:- 5 Nov, 2026
Author:Jeffery CurtisKey Takeaways
- The big day: RIL shares rose 11.6% on 2 November 2026, their biggest single-day gain since April 2020, adding about ₹1.84 lakh crore in market value.
- Record quarter: Q2 FY27 profit hit ₹29,550 crore, up 33.8% year on year, on record revenue of ₹3,62,268 crore.
- Oil did the heavy lifting: about 80% of the extra segment EBITDA came from the oil-to-chemicals (O2C) business, as Middle East supply disruptions pushed fuel margins to historic highs.
- Jio stayed steady: digital services EBITDA rose 17.7%, and Jio Platforms listed on the exchanges on 28 October after a ₹30,188 crore IPO.
- Retail slipped: Reliance Retail's profit fell 24.3%, which the company linked to the festive season shifting into Q3 and investment in digital commerce.
- The open question: how much of this quarter's oil windfall can last once global supply normalises.
FAQs
Why did Reliance shares jump on 2 November 2026?
The stock rose 11.6% after RIL reported record Q2 FY27 revenue, EBITDA and profit on 30 October, a few days after Jio Platforms listed on the exchanges.
What was Reliance's Q2 FY27 net profit?
₹29,550 crore, up 33.8% year on year. Profit attributable to RIL's shareholders was ₹25,548 crore, up 40.6%.
Which business drove the results?
Oil-to-chemicals. Its EBITDA rose 67.9% to ₹25,203 crore as Middle East supply disruptions pushed fuel margins to historic highs.
How did Reliance Retail perform?
Revenue rose 6.4%, but EBITDA fell 8.6% and profit fell 24.3%, which RIL linked partly to festivals shifting into Q3.
How big was the Jio Platforms IPO?
₹30,188 crore, the largest in India to date, with listing on 28 October 2026.
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