&w=3840&q=100)
Reliance Industries sheds over ₹70,000 crore in market cap post Q1 results
RIL's market capitalisation has declined by ₹72,805 crore to ₹19.26 trillion on the BSE in intra-day trade. The company's market capitalisation stood at ₹19.99 crore on Friday, July 18.
With Monday's decline, RIL has corrected 8 per cent from its current month high of ₹1,551 on July 7, 2025. The stock had hit a 52-week high of ₹1,589.50 on July 19, 2024.
RIL's Q1FY26 consolidated earnings before interest, taxes, depreciation, and amortisation (Ebitda) declined 2 per cent quarter-on-quarter (Q-o-Q) (+11 per cent year-on-year (Y-o-Y) to ₹42,900 crore, due to weaker performance in Retail and oil-to-chemicals (O2C).
The key positive in Reliance Jio was margin expansion along with 5G adoption progressing well with 210 million (versus 191 million in Q4) subscribers (42 per cent of the overall base) already migrated. The company continues to see 5G as a medium to long-term enabler of higher data usage and APRU driver along with its effort on home broadband, wherein it added 2.6 million subscribers in the quarter through acceleration of JioAirFiber.
The company also has been leveraging UBR (Unlicensed band radio) to deploy fixed wireless access, which will bring scalability to the same. Total fixed subscriber base stood at 20 million, including 7.4 million from JioAirFiber. Key monitorable would be further tariff hike ahead, according to ICICI Securities.
Meanwhile, Motilal Oswal Financial Services reduces its FY26-27 Ebitda by 1-2 per cent and profit after tax (PAT) by 4 per cent each due to broad-based earnings cuts. While Q1 was soft, the brokerage firm remains sanguine on RIL's growth prospects across segments.
However, YES Securities recommend a BUY rating on RIL with a target price of ₹1,640 per share. Expectation of elevated capex levels due to the ongoing 5G rollout, planned petrochemical capacity expansion, and planned foray into renewable energy and acquisitions in retail. However, in the longer run, investments in petrochemical and renewable capacities, along with the 5G rollout, Retail growth, and New energy contribution have the potential to drive revenue growth, the brokerage firm said in a result update.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
21 minutes ago
- Time of India
IRDAI warns brokers on deal rush
Mumbai: The Insurance Regulatory and Development Authority of India ( IRDAI ) has raised concerns over a surge in merger, acquisition, and demerger activities in the insurance distribution space, cautioning brokers against adopting sharp practices to solely inflate their valuations. "We have been witnessing record activity among brokers and other distribution intermediaries," said Satyajit Tripathy , member (distribution), IRDAI, at an Insurance Brokers Association of India event. "While this is fine by all means, I must add a word of caution that with increased growth being seen, we need not be adopting what we call as sharp practices to increase valuation, get listed, and to do business in a way, which may in the long run prove detrimental to the whole ecosystem." Explore courses from Top Institutes in Please select course: Select a Course Category PGDM CXO Project Management Leadership Healthcare Digital Marketing Others Technology Product Management Artificial Intelligence Operations Management Public Policy Cybersecurity Design Thinking Finance healthcare Management Data Science Degree Data Analytics others MCA Data Science MBA Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details The inflow of private equity capital into insurance broking has risen about 20x between 2011-17 and 2018-24 to reach $4.8 billion. Indian insurance broking has 735 licensed brokers of which the top 36 drive over 85% of revenue, implying a long tail of brokers that have not scaled, according to a report by IBAI and McKinsey . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Tripathy acknowledged the significant value addition brought in by brokers to the industry in the last 4-5 years, particularly post-Covid. At the event, the government urged over 700 insurance brokers to deepen insurance reach across the country and called on brokers to ensure access to affordable and appropriate insurance solutions for every Indian whether self-employed, salaried, agricultural, or industrial. Live Events "There is a vast untapped potential in Type 2 and Type 3 cities, agricultural and rural zones, in unorganised sectors, and among small businesses," said M Nagaraju, secretary, Department of Financial Services. "We believe insurance brokers can possibly increase awareness about the importance and availability of insurance in remote and low-income populations."


Time of India
25 minutes ago
- Time of India
ET Graphics: India–UK trade pact set to boost exports from key states with tariff cuts, better UK access
(You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Following are the highlights of anticipated economic benefits for major Indian states as a result of India–UK Comprehensive Economic and Trade Agreement (CETA), focusing on sectors that are expected to see significant export growth due to tariff eliminations & improved market access in UK.


Time of India
39 minutes ago
- Time of India
‘Vidarbha may emerge as steel hub for Asia in coming decade'
Nagpur: Vidarbha may emerge as a steel hub not only for India but for the entire Asia in the coming decade, said PN Sharma, controller general of the Indian Bureau of Mines (IBM). The IBM, headquartered in Nagpur, is the apex regulatory agency for the mining sector, with a mandate to approve mine plans and monitor the operations of mines, excluding those for coal and petroleum. Sharma was optimistic about the recent push for iron ore mining in Gadchiroli, which he said would eventually create an ecosystem conducive to the steel industry, attracting a variety of players. He was speaking at a seminar titled 'Indian Mining: Present Scenario and Future Perspective' on Friday. Speaking to TOI on the sidelines of the event, Sharma said that once the iron ore reserves in Gadchiroli are fully established, as much as 40% of the country's supply could come from the district. He also lauded the efforts of Lloyds Metals and Energy Limited (LMEL), which operates a 25 million tonnes per annum (MTPA) capacity mine in Gadchiroli, for its bold initiative in taking up beneficiation of banded hematite quartzite (BHQ). "BHQ is the lowest grade of iron ore found in mines. With only 32% iron content, it was generally written off by mining companies as waste. However, LMEL has undertaken beneficiation, raising its iron realisation to 65%. Now, a host of other players are expected to follow suit," Sharma said. Pankaj Kulshrestha, chief controller of mines at IBM, also addressed the seminar and expressed concern over the slow pace of mine development in the country. "Out of 500 mine blocks auctioned across the country, only around 60 have become operational. The delay is due to multiple issues, including land acquisition. Exploration of additional reserves also remains a challenge. Proven deposits may eventually deplete, so sustained exploration is critical to maintaining future supply," he said. Kulshrestha also emphasised the importance of balancing development with environmental sustainability. He noted that most of India's mineral reserves are located in dense forests of tribal areas, posing significant challenges for the industry. "Nonetheless, a fine balance must be maintained," he added.