{"id":134975,"date":"2022-10-20T07:30:50","date_gmt":"2022-10-20T11:30:50","guid":{"rendered":"https:\/\/44.250.171.167\/?p=134975"},"modified":"2022-10-20T07:30:51","modified_gmt":"2022-10-20T11:30:51","slug":"reliance-industries-q2-earnings-preview-what-to-expect","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/reliance-industries-q2-earnings-preview-what-to-expect\/","title":{"rendered":"Reliance Industries Q2 Earnings Preview: What to Expect?"},"content":{"rendered":"\n<p>Mumbai-based Indian multinational conglomerate company Reliance Industries Limited (<a href=\"https:\/\/44.250.171.167\/?post_type=post&amp;s=reliance\" target=\"_blank\" rel=\"noreferrer noopener\">NSE: RELIANCE<\/a>) will release its financial results for the second quarter of Fiscal 2023 on October 21, after the market close. It has diverse businesses including hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and digital services.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Segment Expectations<\/strong><\/h2>\n\n\n\n<p>India&#8217;s largest private sector company is expected to report strong second-quarter earnings driven by robust retail sales on store additions, Reliance Jio telecom\u2019s profits, and a modest increase in ARPU (Average Revenue Per User).<\/p>\n\n\n\n<p>However, the company&#8217;s oil-to-chemicals (O2C) business is expected to have mar results sequentially to some extent. The business has been impacted by several headwinds in the energy sector during the September quarter. Closure of refineries, windfall taxes on fuel exports, and reduced product cracks are expected to act as negatives. Also, subdued demand for petrochemicals in China is likely to have added fuel to the fire.<\/p>\n\n\n\n<p>Notably, the company&#8217;s EBITDA might experience the pressure of reduced gross refining margins and windfall tax.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Last Quarter Earnings<\/strong><\/h2>\n\n\n\n<p>In the June quarter, Reliance Industries posted record quarterly earnings backed by robust O2C earnings, record retail revenues, and a strong rebound in Jio net subscriber addition. Additionally, increased production in KGD6 and improved realizations benefited Oil and Gas business.<\/p>\n\n\n\n<p>Overall, total revenues came in at Rs 242,982 cr, up 53% YoY. Also, EBITDA and net profit jumped 45.8% and 40.8%, respectively, on a year-over-year basis.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Concluding Remarks<\/strong><\/h2>\n\n\n\n<p>With a market capitalization of about Rs 16.92 trillion and strong business momentum, Reliance Industries has emerged triumphant in the industry. Moreover, the company&#8217;s move towards the green energy business is expected to reap benefits in the future. Currently, shares are trading 12% down from the 52-week high figure. As a result, based on the company&#8217;s positive earnings expectations, strong returns, and robust fundamentals, investors can consider the stock an attractive investment.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-Industries-Price-and-Volume-1024x512.png\" alt=\"\" class=\"wp-image-134976\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-Industries-Price-and-Volume-1024x512.png 1024w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-Industries-Price-and-Volume-300x150.png 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-Industries-Price-and-Volume-768x384.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-Industries-Price-and-Volume-1536x768.png 1536w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-Industries-Price-and-Volume-2048x1024.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai-based Indian multinational conglomerate company Reliance Industries Limited (NSE: RELIANCE) will release its financial results for the second quarter of Fiscal 2023 on October 21, after the market close. It has diverse businesses including hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail, and digital services. Segment Expectations India&#8217;s largest private sector company is [&hellip;]<\/p>\n","protected":false},"author":1936,"featured_media":134981,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392],"tags":[10490,10491,10489,10053,8145],"class_list":["post-134975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","tag-digital","tag-earnings-preview","tag-o2c","tag-reliance-industries","tag-retail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":135062,"url":"https:\/\/alphastreet.com\/india\/reliance-industries-reliance-posts-robust-q2-fy2023-driven-by-diversified-earnings-streams-despite-energy-markets-headwinds\/","url_meta":{"origin":134975,"position":0},"title":"Reliance Industries (RELIANCE): Posts Robust Q2 FY2023 Driven by Diversified Earnings Streams Despite Energy Markets Headwinds","author":"Priti_Ramgarhia","date":"October 24, 2022","format":false,"excerpt":"Reliance Industries Ltd (NSE: RELIANCE) reported mixed financial results for Q2 FY2023 (ended September 30, 2022). Revenue surpassed expectations, while earnings disappointed. In anticipation of mixed results, investors seem cautious about the company, reflecting a more than 1% fall in shares at Friday\u2019s close, prior to the earnings release. Revenues\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":169798,"url":"https:\/\/alphastreet.com\/india\/reliance-industries-ltd-q1-fy26-earnings-results-76-rise-in-profits\/","url_meta":{"origin":134975,"position":1},"title":"Reliance Industries Ltd Q1 FY26 Earnings Results &#8211; 76% rise in Profits","author":"Chirag Gupta","date":"August 6, 2025","format":false,"excerpt":"Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family has about 50% shareholding in the conglomerate. Presenting below are its Q1 FY26 earnings. \u00a0 Q1 FY26 Earnings Summary Consolidated Revenue:\u00a0\u20b92,73,252 crore, up 6% year-over-year (YoY). Revenue from Operations:\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Reliance Industries Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-3.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-3.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-3.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-3.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-3.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-3.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":135057,"url":"https:\/\/alphastreet.com\/india\/infographic-reliance-industries-posts-strong-revenues-in-q2-fy2023-management-sounds-positive\/","url_meta":{"origin":134975,"position":2},"title":"Infographic: Reliance Industries Posts Strong Revenues in Q2 FY2023, Management Sounds Positive","author":"Priti_Ramgarhia","date":"October 21, 2022","format":false,"excerpt":"Reliance Industries Ltd (NSE: RELIANCE) reported mixed financial results for Q2 FY2023 (ended September 30, 2022). On a consolidated basis, RIL recorded gross revenues of Rs 2,53,497 crore, up 32.4% YoY riding on broad-based growth almost in all verticals. Revenues from operations grew 33.7% YoY to Rs 2,32,863 crore. Net\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/Reliance-2.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":171611,"url":"https:\/\/alphastreet.com\/india\/reliance-q2-fy26-earnings-results\/","url_meta":{"origin":134975,"position":3},"title":"Reliance Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 17, 2025","format":false,"excerpt":"Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family has about 50% shareholding in the conglomerate. Presenting below are its Q2 FY26 earnings results. \u00a0 Q2 FY26 Earnings Results Revenue from Operations: \u20b92,54,623 crore, up 9.97% YoY from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Reliance Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Reliance-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Reliance-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Reliance-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Reliance-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Reliance-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Reliance-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":159118,"url":"https:\/\/alphastreet.com\/india\/reliance-industries-limited-q3-fy24-earnings-conference-call-insights\/","url_meta":{"origin":134975,"position":4},"title":"Reliance Industries Limited Q3 FY24 Earnings Conference Call Insights","author":"Praveen","date":"February 23, 2024","format":false,"excerpt":"Key highlights from Reliance Industries Limited (RELIANCE) Q3 FY24 Earnings Concall Financial Performance Consolidated EBITDA at INR 44,700 crores, up 17% year-on-year. Net profit at INR 19,641 crores, up 11% year-on-year. Growth led by strong performance in Retail and Oil and Gas businesses. Digital Services steady with 1% increase in\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":149547,"url":"https:\/\/alphastreet.com\/india\/reliance-industries-q1-2024-earnings-stay-tuned-for-the-live-earnings-call-and-real-time-transcript\/","url_meta":{"origin":134975,"position":5},"title":"Reliance Industries Q1 2024 Earnings: Stay tuned for the live earnings call and real-time transcript","author":"Karan_Singh","date":"July 21, 2023","format":false,"excerpt":"Reliance Industries Ltd. has evolved from being a textiles and polyester company to an integrated player across energy, materials, retail, entertainment and digital services. Reliance's products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums. The company will report first quarter 2024 earnings\u2026","rel":"","context":"In &quot;LATEST&quot;","block_context":{"text":"LATEST","link":"https:\/\/alphastreet.com\/india\/category\/latest\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1936"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=134975"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/134975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/134981"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=134975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=134975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=134975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}