Reliance shares down over 3.5% after Q3 earnings announcement

admin — Mon, 19 Jan 2026 06:23:00 +0000

The firm reported almost a flat net profit of ₹18,645 crore for the third quarter.
| Photo Credit: Reuters

Shares of Reliance Industries Ltd declined over 3.5% on Monday (January 19, 2026) morning trade after the firm reported almost a flat net profit of ₹18,645 crore for the third quarter, as a decline in gas production and weakness in its retail business offset gains in other segments.

The blue-chip stock dropped 3.50% to ₹1,406.50 on the BSE.

At the NSE, the stock went down by 3.53% to ₹1,406.30.

Reliance Industries’ Q3 earnings were announced on Friday (January 16, 2026) post-market hours.

The country’s largest conglomerate saw muted earnings growth in the retail business on GST rate rationalisation, demerger of consumer product business and distribution of festive buying split between two quarters. This offset healthy margins, driving energy and digital businesses.

Its consolidated net profit of ₹18,645 crore, or ₹13.78 per share, in October-December— the third quarter of the current 2025-26 fiscal year— compared to ₹18,540 crore, or ₹13.70 per share a year back, according to a company statement.

Published – January 19, 2026 11:53 am IST

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Reliance’s $50 Billion Wipeout Shows Toll of Weak Earnings

admin — Sat, 09 Nov 2024 13:23:18 +0000

Reliance Industries Ltd. has erased almost $50 billion in market capitalization since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown.

Shares of the refining-to-retail conglomerate led by billionaire Mukesh Ambani have barely risen this year, trailing the benchmark NSE Nifty 50 Index by the widest margin in roughly a decade. While broader Indian markets have come under pressure in recent months due to a foreign selloff and earnings growth concerns, the nation’s key gauges are still among Asia’s best performing major markets in 2024.

The bulk of the recent drop in Reliance’s shares follows disappointing results last month. The firm’s earnings missed consensus estimates for the sixth straight quarter amid a muted demand environment for its key oils-to-chemicals business.

The company offered investors one free share for each held at its annual shareholders’ meeting in August, though it gave no details on the much-awaited listings of its telecom and retail units. Its wireless service division Reliance Jio Infocomm Ltd. lost subscribers that month after a tariff hike.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Reliance Shares – Artifex.News

Reliance shares down over 3.5% after Q3 earnings announcement

Reliance’s $50 Billion Wipeout Shows Toll of Weak Earnings