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StocksMediumUpdated•Originally published 2 November 2026•Updated 2 November 2026•
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Reliance Industries Profit Jumps 32% in Q2 on Strong Oil-to-Chemicals Performance

Key Facts

1Reliance Industries (RIL) reported a 32% jump in profit after tax to ₹29,250 crore for Q2FY27.
2RIL shares surged 6% to a high of ₹1,234 following strong performance in the oil-to-chemicals business.

Reliance Industries (RIL) reported a 32% jump in profit after tax to ₹29,250 crore for the second quarter of fiscal year 2027. Business Standard reported that the company's shares surged 6% to a high of ₹1,234 following robust performance in its oil-to-chemicals (O2C) business segment.

The O2C division saw gross revenue rise by 27.8%, helping to offset cautious sentiment from brokerages that had lowered their price targets for the stock. Reliance Industries shares trended higher as the strong operating results exceeded analyst expectations.

Latest Updates · 1

  1. Notable·

    Update: Reliance Industries added approximately ₹86,400 crore to its market capitalization following the results. Goldman Sachs has set a new price target for the stock, forecasting a potential 58% upside.

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