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Reliance Industries shares rise ahead of Q1 FY27 results
Analysts expect strong growth driven by the oil-to-chemicals and telecom units, while retail weakness and upstream headwinds could weigh on parts of the business.
Reliance Industries shares rose as much as 2.4% to a session high of ₹ 1,323.80 on Friday, July 17, ahead of the company’s Q1 FY27 earnings release for the April-June period. The stock opened at ₹ 1,301, after closing Thursday at ₹ 1,293.
The company is expected to report its financial results after market hours on Friday. Reliance shares have been under pressure in recent months, down about 1% over one month, around 3.5% over three months, 9.5% over six months, and nearly 11% over the past year, according to LiveMint Markets.
Brokerages see a resilient earnings mix, with strength in oil-to-chemicals (O2C) and telecom likely to offset weakness in retail and upstream operations amid ongoing geopolitical tensions in West Asia. Equirus Securities expects consolidated net sales to rise 35% year-on-year to ₹ 328 crore, projecting EBITDA up 14.5% to ₹ 49,100 crore and consolidated net profit up 13% year-on-year to ₹ 24,593 crore, while forecasting EBITDA margins to contract 267 basis points to 15%.
Systematix Institutional Equities offered a more cautious outlook, expecting consolidated net sales to grow 27% year-on-year to ₹ 309 crore and EBITDA to increase 9.9% to ₹ 47,100 crore, with improvements attributed mainly to a recovery in the O2C business and steady contributions from telecom and retail.