Reliance Industries Shares Dip Despite Strong Q1 Earnings; Profit Jumps 78% YoY
Shares of Reliance Industries Ltd (RIL) fell by as much as 2.39% to ₹1,440.60 apiece on the NSE on Monday, July 21, despite the company reporting a sharp surge in quarterly profit. The dip comes shortly after the Mukesh Ambani-led conglomerate posted its Q1 FY26 results on Friday, July 18. Q1 FY26 Financial Highlights: The massive jump in net profit was largely attributed to a 280% surge in other income, which stood at ₹15,119 crore for the quarter. This included ₹8,924 crore in gains from the sale of listed investments, most notably from multiple tranches of Reliance’s stake in Asian Paints. Segment-Wise Performance: 🔹 Jio Platforms (Telecom Arm): 🔹 Reliance Retail Ventures: Market Reaction Despite the robust earnings report, investors seemed cautious, possibly due to: Analysts may look for more sustainable growth in core operating income and future guidance before revising stock outlooks. However, the overall quarterly performance of Reliance Industries across telecom, retail, and energy remains strong and stable.
