Buy rating on RIL shares as Reliance Q1 profit jumps 78% to Rs 26,994 crore
Reliance Industries (RIL) declared its April-June quarter results for FY26 and posted record profits, a surge of 78.3% to Rs 26,994 crore. Systematix Institutional Equities advised investors to buy RIL stock with a target price of Rs 1680 per share.
New Delhi: Following Q1 2025-26 results declared by Reliance Industries (RIL), brokerage firm Systematix Institutional Equities has projected the shares of India's most valuable company to rise.
The brokerage firm has initiated a BUY rating on Reliance shares and predicted the stock to rise to the level of Rs 1,680 apiece. RIL shares were trading with nearly 2 per cent decline at Rs 1,448.60 apiece in the morning trade on July 21, 2025.
RII Q1 2025-26 Results
In its April-June quarterly results, RIL reported its highest-ever quarterly profit of Rs 26,994 crore, a growth of 78.3 per cent as compared to in the same quarter in the previous fiscal. The company attributed the growth to rising consumer businesses and investment sales.
According to an exchange filing, the company’s consolidated net profit attributable to owners of the company in the first quarter of 2025-26 was recorded at Rs 26,994 crore, or Rs 19.95 per share, while it stood at Rs 15,138 crore earnings in the year-ago period.
The oil-to-retail-to-telecom conglomerate's revenue from operations went up 5.26 per cent to Rs 2.48 lakh crore in the Q1 FY26 as against Rs 2.36 lakh crore in the year-ago period.
RIL also recorded a growth in its consumer businesses -- retail and telecom.
RIL Chairman and Managing Director Mukesh Ambani said that Reliance Industries has kickstarted FY26 with a robust all-around operational and financial performance.
"Consolidated EBITDA for the first quarter of FY26 improved strongly from the year-ago period, despite significant volatility in global macros. During the quarter, energy markets encountered heightened uncertainty, with sharp fluctuations in crude prices. Our O2C business delivered strong growth, with thrust on domestic demand fulfillment and offering value-added solutions through the Jio-bp network. Performance was supported by improvement in fuel and downstream product margins," Ambani said.
The Ambani-led conglomerate mentioned that profits from retail business rose to Rs 84,171 crore against Rs 75,615 crore in the first quarter of 2025-26.
Jio Platforms, the digital services business of Reliance Industries, recorded a 25 per cent rise in net profit to Rs 7,110 crore in the April-June quarter of the current financial year.
"Jio AirFiber is now the largest FWA (Fixed Wireless Access) service provider in the world, with a base of 7.4 million subscribers. Our Digital Services business consolidated its market position with a robust financial and operational performance," RIL chairman said.
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