Reliance, Jio Q2 Results Today: Expected Revenue, Profit, ARPU and Key Updates for October 30

Reliance Industries and Jio Platforms are in focus on Friday, October 30, 2026, as investors await their financial results for the second quarter of FY2026–27. The results cover the three months ended September 30, 2026, and come just two days after Jio Platforms made its stock market debut.

The September-quarter earnings are expected to provide a clearer picture of Reliance's performance across its oil-to-chemicals (O2C), retail, telecom and digital services businesses. For Jio Platforms, investors will be watching revenue growth, net profit, average revenue per user (ARPU), subscriber additions and the company's plans for future expansion.

According to the announced schedule, both companies are expected to review their quarterly financial results today. The actual results should be checked against the companies' stock exchange disclosures once published.

Reliance Industries and Jio Platforms Q2 Results 2026: Key Details

Here are the important details investors and market watchers should know.

Reliance Industries announced that its board would consider the standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026. The board will also consider raising funds through non-convertible debentures (NCDs) on a private-placement basis.

Jio Platforms Q2 Results: What Is the Expected Revenue and Profit?

Jio Platforms' September-quarter results are attracting attention because they are among the company's first major financial updates following its stock market listing on October 28.

According to estimates published by ET Now, Jio Platforms' Q2 FY27 financial performance is expected to include:

These are analyst estimates, not the company's confirmed September-quarter results. Actual figures may differ when Jio Platforms releases its financial statements.

Why Is Jio Platforms' ARPU Important?

Average revenue per user, commonly known as ARPU, measures the average revenue generated per subscriber over a particular period.

Jio Platforms' ARPU stood at ₹215.60 in Q1 FY27, according to the reported results. ET Now estimated that it could increase to ₹218 in Q2 FY27.

Investors will monitor ARPU because it helps indicate whether the company is generating more revenue from its subscriber base. Telecom tariff changes, customer upgrades, data consumption and the mix of prepaid and postpaid subscribers can influence this metric.

What Could Drive Jio's Q2 Performance?

Some of the important factors to watch include:

• Subscriber additions: Growth in the number of mobile customers can support revenue expansion.

• Telecom tariff changes: Changes in recharge plans and customer spending can influence ARPU.

• 5G expansion: Wider adoption of 5G services could support data consumption and premium-plan uptake.

• Home broadband: Growth in JioFiber and AirFiber connections could add to digital-services revenue.

• Digital services: Enterprise technology, cloud, entertainment and other digital offerings could contribute to longer-term growth.

Reliance Industries Q2 Results: Which Business Segments Matter?

Reliance Industries operates across several major business segments. Its September-quarter results will help show how these businesses performed during the quarter.

1. Oil-to-Chemicals Business

The O2C business includes refining and petrochemicals. Its performance is influenced by crude oil prices, refining margins, feedstock costs, demand for petroleum products and petrochemical spreads.

Investors will look at revenue, EBITDA and operating margins to understand whether this segment supported the company's overall profitability.

2. Reliance Retail

Reliance Retail's performance depends on consumer demand, store expansion, product categories, digital commerce and operating efficiency.

The results will provide an update on how the retail business performed during the July–September quarter, including the impact of consumer spending and festive-season demand.

3. Digital Services and Telecom

Jio's telecom business remains a major contributor to Reliance's digital-services operations. Subscriber additions, ARPU, 5G adoption and broadband expansion are among the important indicators to monitor.

With Jio Platforms now separately listed, investors can also assess its financial performance as an independent listed company.

4. Oil and Gas

The oil and gas segment is influenced by production volumes, realisations, operating costs and energy-market conditions. Its contribution will be another important part of Reliance's consolidated results.

Reliance Industries Q1 FY27 Results: What Was the Previous Performance?

Reliance Industries reported consolidated revenue from operations of approximately ₹3.12 lakh crore in Q1 FY27, up around 25% year over year.

Its consolidated net profit attributable to shareholders was ₹20,946 crore, compared with ₹26,994 crore in the corresponding quarter of the previous year. The year-on-year comparison was affected by a one-time gain from the sale of listed investments in the year-ago period.

On a recurring basis, excluding that exceptional gain, the company reported improved underlying profitability.

Jio Platforms also reported strong operating performance in the June quarter, with EBITDA of ₹20,865 crore, up 15.1% year over year, according to the reported Q1 figures.

The September-quarter results will help investors understand whether the growth momentum continued.

Will Jio Platforms Announce a Dividend in Q2 FY27?

Dividend expectations are another area of interest following Jio Platforms' stock market listing.

However, investors should not assume that the company will announce a dividend along with its September-quarter results. Its offer documents stated that dividend declarations and payments would depend on the board's discretion and relevant financial and business considerations.

Any dividend announcement should be confirmed through an official company disclosure.

Reliance Industries NCD Fundraising: What Is the Proposal?

Reliance Industries has also included a fundraising proposal in its October 30 board-meeting agenda.

The board will consider issuing listed, secured or unsecured, redeemable non-convertible debentures through private placement in one or more tranches.

The company has not disclosed a confirmed fundraising amount or final terms in the announcement reviewed ahead of the meeting.

An NCD is a debt instrument through which a company raises money from investors and agrees to repay the principal according to the stated terms. Unlike convertible debentures, non-convertible debentures do not convert into equity shares.

The board's decision and any subsequent exchange filing will provide further details.

What Should Investors Watch After the Reliance and Jio Q2 Results?

The September-quarter earnings will be important for understanding both companies' financial performance. The following indicators deserve attention:

1. Revenue growth compared with the previous quarter and corresponding year-ago period.

2. Net profit and operating profitability.

3. Jio's ARPU and subscriber additions.

4. EBITDA margins across key business segments.

5. Retail performance and expansion.

6. O2C margins and energy-market conditions.

7. Management commentary on capital expenditure and future growth.

8. Any official announcement regarding dividends or NCD fundraising.

The actual financial statements and management commentary will be more useful than estimates when evaluating the quarter.

For more financial updates, readers can explore Pocketly's latest financial news and market updates and its personal finance articles.

Frequently Asked Questions

1. When will Reliance Industries announce its Q2 results for 2026?

Reliance Industries has scheduled its board meeting for October 30, 2026, to consider and approve its unaudited financial results for the quarter and half-year ended September 30, 2026.

2. When are Jio Platforms Q2 results for FY2026–27?

Jio Platforms is scheduled to announce its September-quarter results on October 30, 2026, according to the schedule disclosed by its parent company, Reliance Industries.

3. What is the expected revenue of Jio Platforms in Q2 FY27?

ET Now estimated Jio Platforms' Q2 FY27 revenue at approximately ₹35,100 crore, compared with ₹34,200 crore in Q1 FY27. This is an analyst estimate, not confirmed financial data.

4. What is the expected Jio Platforms net profit in Q2 2026?

ET Now estimated Jio Platforms' September-quarter profit after tax at approximately ₹7,400 crore, compared with ₹7,170 crore in the previous quarter. The actual figure will be known after the company's results announcement.

5. What is Jio Platforms' expected ARPU for Q2 FY27?

ET Now estimated Jio Platforms' ARPU at ₹218 for Q2 FY27, compared with ₹215.60 in Q1 FY27. ARPU represents average revenue per user.

6. Will Jio Platforms announce a dividend on October 30, 2026?

A dividend announcement has not been confirmed. The company's board will decide whether to declare a dividend, subject to its financial position and dividend policy.

7. Why are Reliance Industries Q2 results important?

The results provide an update on the performance of Reliance's O2C, retail, telecom, digital services and oil and gas businesses. Investors will also monitor the proposed NCD fundraising and management commentary.

8. Where can I check Reliance Industries and Jio Platforms Q2 results?

Investors can check the official investor-relations websites of Reliance Industries and Jio Platforms, as well as the NSE and BSE corporate announcements sections, for the published financial statements and disclosures.

Sources and fact-checking

• Reliance Industries Q2 results announcement and NCD agenda – Economic Times
  The Economic Times

• Jio Platforms Q2 results preview and analyst estimates – ET Now
  ET Now

• October 30 results calendar – Upstox

Disclaimer: This article is for news and informational purposes only. Analyst estimates are not guaranteed results or investment recommendations. Financial information should be verified against official company disclosures before making investment decisions.