Reliance Industries Limited (RELIANCE) has announced its consolidated financial results for the quarter ended 30th September 2026, marking a historic milestone with record revenue and profit. The company reported a revenue of ₹ 362,268 crore, marking a 27.8% year-on-year increase, while the Profit After Tax (PAT) surged to ₹ 29,550 crore, up 33.8% Y-o-Y. This performance underscores the strength and resilience of Reliance’s diversified portfolio.

Revenue Growth Across Segments

The Oil to Chemicals (O2C) segment led the revenue growth, with a 44.2% Y-o-Y increase driven by sharp rises in crude and product prices. The Oil and Gas segment revenue remained stable Y-o-Y, while Jio Platforms Limited (JPL) revenue increased by 11.3% Y-o-Y, driven by subscriber additions and digital services growth. Retail and Retail Ventures Limited (RRVL) revenue grew 6.4% Y-o-Y to ₹ 91,716 crore, impacted by the festive calendar shift to Q3.

EBITDA and Profit Surge

Reliance’s EBITDA for the quarter increased by 23.9% Y-o-Y to ₹ 62,409 crore. The O2C business delivered a particularly strong performance, with EBITDA up 67.9% Y-o-Y. JPL EBITDA increased by 16.6% Y-o-Y, while RRVL EBITDA decreased 8.6% Y-o-Y due to planned investments and input-cost inflation. The company’s capital expenditure for the quarter stood at ₹ 38,153 crore, driven by investments in O2C and New Energy projects.

Looking Ahead

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “This week marked a historic moment in Reliance’s value creation journey with Jio’s record-setting listing on Indian bourses. With over 22x subscription, and strong listing appreciation, the issue has set multiple global benchmarks. JPL is now India’s second largest company. It demonstrates the depth of confidence investors place in Jio’s solid foundation and strong growth visibility. I am proud to witness the rejuvenation of “the equity cult” originally pioneered by our founder-chairman during the 1977 Reliance IPO.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Reliance Industries Limited

Reliance Industries Limited belongs to the Energy › Oil & Gas Refining & Marketing sector. Here’s a quick read on where the business and the stock stand today.

Reliance falls 8.7% over three months and has not found a floor yet. The PEG reaches 3.32. The stock trades on brand and index weight, not on growth. Thin margins at 6.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock sits at 13% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 6.4% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Reliance Industries Limited.

Asian Energy Services Limited (ASIANENE) reaffirmed its growth momentum in Q2FY27, reporting a significant surge in revenue and profitability. The company’s revenue for Q2FY27 grew by 161% year-on-year to INR 266.7 crore, contributing to a half-year revenue of INR 537.9 crore, up 148% year-on-year.

Consolidated Performance Highlights

The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q2FY27 jumped by 235% year-on-year to INR 52.3 crore. Profit After Tax (PAT) soared by 530% year-on-year to INR 29.8 crore. These impressive results were driven by disciplined execution and operating leverage.

Strategic Developments

Asian Energy Services Limited has received approval from the National Company Law Tribunal (NCLT) for the Oilmax–AESL merger, which is now awaiting final government approval. Additionally, Oilmax was awarded the GK Offshore Block under DSF Bid Round IV, marking its entry into offshore exploration and production (E&P), and securing the Pakro Critical Mineral Mine, which contains vanadium and graphite resources, expanding its exposure to strategic minerals.

As a result, the company’s order book stood at around INR 1,633 crore as of September 30, 2026, with a robust active bidding pipeline providing visibility for future order inflows. The company remains confident of achieving its FY27 guidance, with a longer-term revenue objective of approximately INR 3,000 crore by FY29/FY30.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Asian Energy Services Limited

Asian Energy Services Limited belongs to the Energy › Oil & Gas Equipment & Services sector. Here’s a quick read on where the business and the stock stand today.

Asian posts a 27.6% three-month gain, but softens in the last few weeks. Thin margins at 6.1% leave limited room for error — any demand softness or cost spike hits the bottom line hard. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. The stock gives back 7.7% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. The stock rises 27.6% in three months on 93.4% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Asian Energy Services Limited.

Adani Enterprises Limited (ADANIENT), the flagship company of Adani Group, announced its results today for the quarter and half year ended September 30, 2026. The strong EBITDA growth in the first half of FY27 reflects maturity of investments made over the past several years, with multiple businesses reaching scale and translating capital deployment into tangible earnings growth. This performance underscores the strength of our diversified business portfolio and its growth potential.

Financial Highlights

The consolidated financial highlights for H1 FY27 show a revenue up by 62% to Rs. 71,569 crore, EBIT DA up by 56% to Rs. 11,958 crore, and continuing PBT up by 45% to Rs. 3,297 crore. Notably, the ANIL Solar module line expanded to 10 GW by commissioning 4.3 GW in September 2026, and AdaniConnex signs a new hyperscale order of 240 GW for Navi Mumbai data center.

Business Updates

Backed by strong operating fundamentals, increasing asset maturity, and the ramp-up of newly commissioned ANIL module line capacity, ADANIENT is well positioned to sustain this growth trajectory further. As the tailwinds propelling India forward continue to strengthen, we believe we are better positioned than ever to capture the opportunities ahead. We remain bullish on India’s future and, therefore, confident in our own growth story.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Adani Enterprises Limited

Adani Enterprises Limited belongs to the Energy › Thermal Coal sector. Here’s a quick read on where the business and the stock stand today.

Adani gains 26.6% over three months and trades near its 52-week highs. D/E of 1.62 is elevated. As a result, debt servicing will compress free cash flow in a high-rate environment. Thin margins at 6.5% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock trades at 87% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. The stock rises 26.6% in three months on -7.7% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Adani Enterprises Limited.