Archive · 15 Jan 2026
RIL Q3 Earnings Preview: O2C, Digital Growth Expected
Reliance Industries is expected to report strong earnings for the third quarter of 2026.
Analysts predict that the company's profits will grow because of its oils-to-chemicals (O2C) and digital services businesses.
The O2C business is expected to do well because of better refining margins and a weaker rupee, while the digital business, including Jio, is expected to grow due to more subscribers and higher data usage.
Jio, a part of Reliance, is focusing on making money from its 5G services and adding more users.
Reliance Industries will share its official results on January 16, 2026.
RIL's Q3 EBITDA expected to grow 10.6% to ₹43,789 crore.
Consolidated net profit seen rising 5% to ₹19,412 crore.
O2C business EBITDA expected to grow 15% due to refining margin recovery.
Digital business EBITDA seen up 17% with strong subscriber growth.
Retail EBITDA expected to grow 6% with moderated revenue growth.
- Who
- Reliance Industries (RIL) and Jio Platforms
- What
- Expected strong Q3 earnings driven by O2C and digital businesses, with Jio focusing on monetization and 5G expansion
- When
- Results to be announced on January 16, 2026
- Where
- India
- Why
- Growth in oils-to-chemicals, digital services, and steady subscriber additions in telecom
- Expected EBITDA
- ₹43,789 crore
- Expected Net Profit
- ₹19,412 crore
- Expected Sales
- ₹2.6 lakh crore
- Gross Refining Margin
- $13.4/bbl
- Digital EBITDA Growth
- 17%
- Jio Revenue Growth
- 11.4%
- Jio EBITDA Growth
- 14.6%
- Retail EBITDA Growth
- 6%
- Jio Q3 Revenue
- ₹37,295 crore
- Jio Q3 Net Profit
- ₹7,111 crore
- Jio ARPU
- ₹213.5
- Jio 5G Subscribers
- 234 million
- Jio Total Subscribers
- 513 million
- Jio Home Broadband Subscribers
- 24.4 million
Sources
Earnings Preview: RIL’s Q3 performance seen driven by O2C, digital businesses
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