Shares of on Monday ended nearly 4 per cent higher after the company reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in the core oil-to-chemicals segment.
The bellwether stock edged higher by 3.52 per cent to settle at ₹1,466.80 on the BSE. During the day, it jumped 3.99 per cent to ₹1,473.55.
At the NSE, the stock climbed 3.60 per cent to settle at ₹1,467.90.
The company’s market valuation jumped by ₹67,459.38 crore to ₹19,84,943.09 crore.
The rally in Reliance shares also drove the equity markets higher. The 30-share BSE Sensex jumped 411.18 points or 0.49 per cent to settle at 84,363.37. The 50-share NSE Nifty surged 133.30 points or 0.52 per cent to 25,843.15.
The oil-to-retail conglomerate posted a consolidated net profit of ₹18,165 crore in July-September — the second quarter of the 2025-26 fiscal year — higher than ₹16,563 crore in the same period a year back, the company said in a statement on Friday.
Profit, however, sequentially fell 33 per cent when compared with ₹26,994 crore in the April-July quarter.
New customer addition and higher per user income, together with its wireless broadband services becoming the world’s largest, helped post a 13 per cent year-on-year jump in telecom earnings, and improving store operating matrix helped retail earnings soar 22 per cent. Improved refining margins and the highest-ever crude oil processing helped the O2C business.
Jio Platforms Ltd, the subsidiary that houses the telecom and digital businesses, saw profits rise by 13 per cent to ₹7,379 crore in the second quarter.