RELIANCE

Q4 Outlook: Stable Performance Expected; O2C Uncertainty and Telecom Growth Remain Key Watchpoints

is projected to deliver a stable financial performance for the fourth quarter of FY26, despite ongoing geopolitical tensions in West Asia, a crucial region influencing global crude supply dynamics. The company’s consolidated revenue for the quarter is anticipated to reach approximately ₹2.81 lakh crore, while net profit is estimated at around ₹16,943 crore, reflecting resilience in its diversified business model. The Oil-to-Chemicals (O2C) segment may experience a mixed impact due to fluctuations in crude prices and supply disruptions linked to Middle East uncertainties. Margin pressures and volatility in downstream demand could weigh on overall segment performance. Conversely, the digital services and retail divisions are expected to provide stability and support earnings growth. The telecom business continues to demonstrate strong subscriber momentum and improved monetization, while the retail segment is likely to benefit from steady consumption trends and operational efficiencies. Overall, while external risks persist, the company’s balanced portfolio across energy, telecom, and retail sectors is expected to underpin consistent earnings delivery. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.