Reliance Industries share price may rise 39% as per consensus estimates; check targets after Q2

What happened

Reliance Industries reported record revenue and improved profitability for the September quarter. Sequential revenue rose to ₹3.62 lakh crore, EBITDA increased to ₹62,409 crore, and net profit reached ₹29,550 crore. Its oil-to-chemicals business EBITDA rose 67% sequentially to ₹25,203 crore, supported by stronger fuel cracks and polyester margins.

Confirmed

Global impact / market context

Higher revenue and profit show that the quarter’s gains extended beyond sales to operating earnings. The oil-to-chemicals business was a major driver, so stronger fuel and polyester spreads could lift group earnings when sustained, while a reversal could reduce that support.

Analyst inference

The headline’s 39% rise is framed as a possibility based on consensus estimates, not as a guaranteed outcome. The reported results provide evidence of stronger recent performance, but the supplied article gives no target prices or detail on how analysts’ estimates may change.

Analyst inference

What to watch

1. Check whether the company reports that stronger transportation fuel cracks and high polyester margins continued; these conditions were cited as support for the oil-to-chemicals earnings increase. Analyst inference
2. Compare upcoming oil-to-chemicals EBITDA and margins with this quarter’s figures to see whether the segment’s contribution to group earnings holds or weakens. Analyst inference
3. Watch for updated consensus estimates or price targets after the results; the headline links the possible 39% share-price rise to those estimates, not a certainty. Analyst inference

Evidence

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