Reliance Industries Shares Surge 4% Post Strong Q2 Earnings

Reliance Industries Ltd (RIL) shares climbed nearly 4% on Monday, adding ₹67,459 crore to its market valuation, after reporting a 9.6% year-on-year rise in net profit for the September quarter. The stock settled at ₹1,466.80 on the BSE, peaking at ₹1,473.55 during the session. NSE saw a similar uptick, with shares closing 3.6% higher at ₹1,467.90.

The conglomerate's consolidated net profit reached ₹18,165 crore in Q2 FY2025-26, up from ₹16,563 crore a year earlier. While quarterly profit dipped 33% sequentially, robust performance in retail, telecom, and a recovering oil-to-chemicals segment drove growth. Telecom earnings jumped 13% YoY, fueled by new customer additions and higher per-user income.

The rally lifted broader indices, with the BSE Sensex gaining 411 points (0.49%) and NSE Nifty rising 133 points (0.52%). Reliance's wireless broadband services now rank as the world's largest, cementing its dominance in India's consumer and energy markets.