Reliance Industries and Jio Platforms report strong Q2 2026 results
Stock market experts suggest different investment approaches for the two Mukesh Ambani-led companies following their quarterly earnings.
Reliance Industries Ltd (RIL) and Jio Platforms Ltd (JPL) declared their respective Q2 2026 results on Friday, according to Mint. Both companies reported year-on-year growth in revenue and profit during the July to September 2026 quarter.
Avinash Gorakshkar, Founder of Avinash Mentor Research, said RIL's consolidated revenue grew 27.80 per cent year-on-year to ₹3,62,268 crore. During the same period, RIL's EBITDA grew 23.9 per cent to ₹62,409 crore, while net profit increased 33.80 per cent to ₹29,550 crore.
Gorakshkar noted that RIL's Oil-to-Chemicals (O2C) EBITDA grew approximately 70 per cent year-on-year to around ₹25,200 crore. For JPL, consolidated revenue grew 11.30 per cent year-on-year to ₹47,485 crore, and net profit rose 16.60 per cent to ₹21,879 crore.
JPL's Average Revenue Per User (ARPU) climbed to ₹218.8, with a total user base of 542.4 million, Gorakshkar said. The company's net debt decreased to ₹8,800 crore following its ₹30,200 crore IPO.
Mahesh M Ojha, VP at KC Securities, said RIL is a safer play for investors, while JPL is a suitable choice for a theme play. Ojha stated RIL shares have a short-term target of ₹1,265.
Arun Kejriwal, Founder of Kejriwal Research and Investment Services, suggested JPL shareholders hold the scrip. He noted the stock hit a high of ₹1,489.70 per share during the Thursday session.