Oil-to-telecom conglomerate Reliance Industries will announce its June quarter results on Friday, July 17. According to experts, Reliance Q1 results could surprise the investors as its revenue and net profit could see improvement driven by strong performance in the oil-to-chemicals (O2C) business, strong refining margins and steady growth in the telecom business.
As per experts, Reliance Industries’ consolidated Q1 revenue could range between ₹3.01 and ₹3.10 lakh crore, rising 23% to 27% YoY and 2% to 5% on a sequential basis. The company reported revenue of ₹2.94 lakh crore in the previous quarter and ₹2.43 lakh crore in Q1FY26.
Net profit could rise by 6 to 10% compared to the previous quarter in the range of ₹17,900 to ₹18,670 crore. The company reported a net profit attributable to owners at ₹26,994 crore in Q1FY26 and ₹16,971 crore in the previous quarter.
Furthermore, Reliance Industries’ consolidated EBITDA is expected to see single-digit growth of 4% to 6% in the range of ₹45,300 to ₹46,210 crore, mainly due to recovery in its oil-to-chemicals (O2C) business. Reliance Jio business is expected to report steady growth during the June quarter with 3 to 5% YoY improvement in average revenue per user (ARPU).
Investors will closely track Reliance Industries' Q1 results to gauge the performance of the retail, telecom and oil refining business. Management commentary on new energy business, overall business scenario and further details about the Reliance Jio IPO will also be closely watched.
Ahead of the Q1 result announcement, Reliance Industries shares closed 0.3% higher at ₹1,300 on Thursday, July 16. The company's stock is down 17.7% so far this year amid volatility in crude oil prices and a sell-off in broader markets due to global geopolitical concerns.
Technical outlook
Reliance Industries remains range-bound with a mild negative bias. The stock is trading near ₹1,297, below both the 20-day EMA and the 50-day EMA, keeping the short-term structure weak. The DMI also favours sellers, with -DI above +DI. However, the ADX at 14 signals weak trend strength and suggests continued consolidation rather than a strong directional decline.
Immediate support is placed around ₹1,280, followed by the major support near ₹1,259. On the upside, a sustained move above ₹1,321 could open the way towards ₹1,345. Until then, the stock may remain confined within the ₹1,260–₹1,345 range.
Options outlook
The options market suggests that Reliance Industries could experience a price movement of approximately ±4%, based on an at-the-money (ATM) strike price of 1,300 for July 28 expiry.
To gain a more in-depth understanding of Reliance Industries' historical volatility, let’s analyse its price behaviour around earnings announcements.
Strategies based on options data
With the options market pricing in a potential move of ±4%, traders can look at volatility-based setups in Reliance Industries.
A long straddle suits traders expecting a sharp post-earnings move but with no clear directional bias. It involves buying both an at-the-money call and put of the same strike and expiry. The trade turns profitable if the move exceeds the ±4% implied range, with risk limited to the total premium paid.
On the other hand, a short straddle is suitable if you expect volatility to ease and the price to remain rangebound after results. This involves selling an at-the-money call and put. The strategy works best if the stock stays within the implied ±4% range post-earnings.
Derivatives trading must be done only by traders who fully understand the risks associated with them and strictly apply risk mechanisms like stop-losses. We do not recommend any particular stock, securities, or trading strategies. The securities quoted are exemplary and not recommendatory. The stock names mentioned in this article are purely to show how to do an analysis.