RIL Q4 FY26 Results LIVE | Reliance Industries Q4 FY26 Share Price and Revenue LIVE Updates: Impact of Middle East crisis on refining and petchem segment margins, updates on the Jio IPO timeline and more.

Reliance Industries Q4FY26 Results LIVE: All eyes on Jio IPO date, crude impact, petchem margins amid Middle East conflict

RIL Q4FY26 preview: 3 key factors to watch out for

1. Impact of Middle East crisis

One of the key things that investors will be focused on is Reliance Industries’ (RIL) refining and petchem margin. The segment is in focus as the geopolitical disruptions from the Iran-US War have impacted the refining and petchem markets. The Blockade of the Strait of Hormuz disrupted crude oil imports, refining capacity, and refined product exports.

2. Jio IPO timeline

The other key commentary that the street will watch out for is the Jio IPO timeline. Though RIL Chairman Mukesh Ambani had indicated a likely listing in 2026 during an AGM last year, there has been no update after that.

3. O2C Business: EBITDA increase

Motilal Oswal expects Reliance Industries’ O2C EBITDA to increase by $170 billion, implying 8.5% upside.

Motilal Oswal further added that petrochemical spreads could expand as supply disruptions lift product prices, while RIL’s diversified feedstock mix limits crude-linked cost pressures. However, the reintroduction of export duties on fuels could cap refining margins and limit the upside to O2C earnings, it added.

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