Reliance Industries' (RIL) board will meet on Friday, January 16 to approve company's Q3 earnings, the energy-to-telecom conglomerate on Thursday informed in its filing to the exchanges.
The company will hold an analyst meet, post the board meeting to discuss the financial results for the quarter and nine months ended December 31, 2025.
RIL shares, which fell over 2% today to end at Rs 1,470.70 on the NSE, recorded their fourth successive decline today, falling nearly 8% in as many sessions.
On Tuesday, RIL shares plunged 5% intraday following a Bloomberg report that claimed three vessels carrying Russian crude oil were headed to its Jamnagar refinery. The Mukesh Ambani-led company rejected the report, calling it “blatantly untrue.”
This marked the stock’s biggest intraday fall since June 4, 2024. The stock slipped below its 50-day moving average, eroding over Rs 1 lakh crore in market capitalisation during the session. The stock ended 4.30% lower at Rs 1509.55 apiece on the BSE.
Over the past week, RIL shares have fallen by more than 6%, dragging the headline indices Nifty and he BSE Sensex.
Reliance Industries was the biggest drag on the market on the day, along with Larsen & Toubro (L&T) and Infosys, pulling both benchmark indices down by nearly a percentage point.
The company had reported a 10% year-on-year growth in its consolidated Q2 net profit at Rs 18,165 crore versus Rs 16,563 crore reported in the year-ago period. The profit after tax (PAT) is attributable to the owners of the company.
The company's revenue form operations in the quarter under review stood at Rs 2.59 lakh crore, which was up 10% over Rs 2.35 lakh crore in the corresponding quarter of the last financial year.
While its PAT missed Street's estimate of Rs 18,643 crore, the topline beat estimates of Rs 2.51 lakh crore. RIL's sequential PAT took a 33% dip compared to Rs 26,994 crore in Q1FY26 while revenue was 4% higher QoQ versus Rs 2.49 lakh crore.
Curated by Maria Santos
