Reliance shifts focus to non oil businesses as oil pressure mounts and investors watch earnings momentum

Published on 26 April 2026

GIGA factory readiness could change the earnings story

Reliance Industries’ March quarter brought pressure on oil and gas, but digital, telecom, and retail helped cushion results. Investors are now looking closely at non-oil performance for the next phase of earnings momentum. The company’s new energy GIGA factory is expected to start operating this year, while telecom ARPU inched up and retail grew, though EBITDA gains stayed muted.

Oil and gas faced pressure in the March quarter
Digital, telecom, and retail supported overall performance
Non-oil earnings momentum is the key watch for investors
GIGA factory could be a turning point this year

#earnings #telecom #oil and gas #ril #reliance industries

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Reliance shifts focus to non oil businesses as oil pressure mounts and investors watch earnings momentum

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