Reliance Industries Q4 2026 Earnings Preview: Share Price Movement and Dividend Expectations

Reliance Industries to Announce Q4 Results on April 24, 2026

Reliance Industries, the oil-to-telecom conglomerate led by Mukesh Ambani, is set to announce its Q4 results on Friday, April 24, 2026. The meeting of the Board of Directors is scheduled to consider and approve the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The RIL board will also recommend a dividend on equity shares for FY26.

Ahead of the Q4 results, Reliance Industries' share price was trading marginally lower, following a 15% crash in 2026 so far. Despite this, the company's financial performance for the fourth quarter of FY26 is expected to show subdued earnings primarily due to continued weakness in its oil-to-chemicals (O2C) segment and modest growth in the retail business.

Reliance Jio, the telecom arm of the company, is expected to deliver strong earnings growth, which will contrast with the subdued performance of the O2C segment. On a consolidated basis, the company's Q4FY26 revenue is projected to rise 9% quarter-on-quarter to ₹2,88,746 crore, up from ₹2,64,905 crore in the previous quarter.

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Net profit is estimated to increase by 4% to ₹19,390 crore, compared to ₹18,645 crore in Q3FY26. Consolidated EBITDA is expected to remain largely flat, in the range of ₹45,000 crore to ₹46,000 crore. However, EBITDA margins are likely to see a sharp contraction, mainly due to pressure in the O2C business.