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Reliance Industries Share Price Jumps After Strong Q2 Results: What Drove The Rally?
RIL shares jumped on the back of a set of solid earnings that reassured investors about the company’s diversified business model and growth trajectory. On October 17, RIL reported a 10 % year-on-year rise in consolidated net profit to ₹18,165 crore (versus ₹16,563 crore a year ago) with revenue climbing roughly 10 % to ~₹2.59 lakh crore.
Q2 Results Breakdown
The operating profit (EBITDA) expanded 15 % to ~₹50,367 crore and margins improved to ~17.8 %, up about 80 basis points.
The telecom and digital arm (Jio Platforms Limited) posted strong growth with revenue up ~14.9 % YoY, supported by subscriber additions and higher ARPU. Retail remained robust, while the legacy oil-to-chemicals (O2C) business, though somewhat under pressure globally, still formed a stable base. The market took note: RIL opened with a “gap-up” on the day, rising ~1.6 % at the open and climbing further to an intra-day high around ₹1,467.
The double-digit growth in revenue and profit, margin expansion, and diversification into higher-growth consumer-digital segments all fed into investor confidence.
Additional Tailwinds
The broader market was already in a positive mood, and a strong result from such a heavyweight name added momentum. Technical signals also pointed to favourable trading momentum for RIL.
In short, the share-price rise reflects the market’s positive reading of RIL’s transformation from being purely energy-heavy to a multi-business conglomerate with strong growth engines in digital and retail — while still retaining a solid legacy business. Whether this momentum continues will depend on how well the key growth segments scale and how global headwinds play out.
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