Today’s trading session saw major action from three index heavyweight stocks following the release of their Q1 earnings – HDFC Bank, ICICI Bank and Reliance Industries.
While HDFC Bank and ICICI Bank shares surged over 2% in trade, taking the Bank Nifty index to record levels, Reliance slipped over 3%.
This, despite the diversified conglomerate posting the highest ever quarterly net profit for the June 2025 quarter.
Reliance Industries Share Price
About Reliance Industries
Reliance Industries is one of India’s most influential conglomerates, with a strong footprint across sectors — from energy and petrochemicals to retail, telecom, entertainment, and textiles.
Its core operations include oil and gas exploration, refining, petrochemicals, and the marketing of petroleum products.
But Reliance isn’t just about energy.
It’s also India’s largest retailer, with a nationwide presence across grocery, electronics, and fashion formats.
Through Jio, it reshaped India’s telecom landscape — bringing affordable internet to millions and accelerating the country’s digital journey.
Looking ahead, Reliance is betting big on green energy, investing heavily in solar, hydrogen, and advanced materials to build India’s most integrated new-energy ecosystem — aligned with the country’s sustainable future.
With its scale, innovation, and reach, Reliance plays a vital role in powering India’s economy and ranks among the country’s top employers.
Reliance FY25 Segmental Mix by Revenue (FY25 Revenue Rs 11,93,053 Cr)
Source: Company Reports
Reliance Industries Q1 Results
For the quarter ended June 2025, Reliance Industries’ quarterly profit beat estimates as the billionaire Mukesh Ambani-led conglomerate benefited from a massive one-time gain after divesting its stake in India’s biggest paints maker Asian Paints.
India’s largest company by market value reported a 5.5% increase in revenue while its net profit shot up by 77%.
This is largely attributed to a spike in other income which surged almost 280% to Rs 15,120 crore, with more than half coming from an “investment sale,” according to Reliance’s filing.
Reliance Industries Q1FY26 Financial Snapshot
Source: Company
Segmental Performance
The financial boost from the sale of Asian Paints’s stake helped Reliance overcome the slight weakness in the oil-to-chemicals business where revenue slipped 2%.
The company had partially shut units at the 663,000 barrels-a-day Jamnagar refinery in April 2025 for maintenance work.
Meanwhile, its retail and telecommunications businesses posted robust growth in revenue.
Retail business revenue came in 11% higher compared to the year ago period while Jio’s subscriber base grew 2% to 498.1 million subscribers. The average revenue per user climbed 15% YoY.
Reliance Segmental Performance
Source: Investor Presentation, Systematix Research
Management Commentary and Outlook
Reliance plans to operationalize its entire new energy ecosystem in the next four to six quarters as the company’s strategic diversification in 2021 beyond fossil fuel-linked businesses begins to fructify.
Meanwhile, the company is consolidating all its consumer goods brands into a new unit as it readies for an initial public offering of its retail business. Reliance Retail last week announced a big deal to acquire home appliances maker Kelvinator, in the latest sign of aggressive expansion in the consumer segment.
The company has guided for doubling EBITDA across the group by the end of FY30. Investor attention has now shifted to the upcoming AGM for updates on Jio’s listing.
Nevertheless, the company, which is India’s top buyer of Russian crude, may face challenges going ahead after the European Union tightening sanctions on Russia.
Conclusion
Reliance Industries has evolved into a multi-sector powerhouse, with strongholds in energy, telecom, retail, and digital services. This diversified model has significantly reduced its reliance on any one revenue stream.
Its telecom arm, Jio, has been a game-changer, revolutionising India’s digital ecosystem by making data and digital access affordable, leading to unprecedented user growth.
What sets Reliance apart is its bold, forward-looking investments, particularly in renewable energy and cutting-edge technology.
Strategic partnerships with global giants like Facebook, Google, and BP have brought not just capital, but also global expertise and visibility.
In every move, RIL is building for the long term by scaling not just business verticals, but entire industries.
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Yash Vora is a financial writer with the Informed InvestoRR team at Equentis. He has followed the stock markets right from his early college days. So, Yash has a keen eye for the big market movers. His clear and crisp writeups offer sharp insights on market moving stocks, fund flows, economic data and IPOs. When not looking at stocks, Yash loves a game of table tennis or chess.
