RIL to announce Q2 results on October 30, board to also consider fundraising

The company did not disclose the proposed fundraising amount or other terms of the NCD issuance.Reliance said it would hold an analyst meeting following the board meeting to discuss its quarterly financial performance.The announcement comes as investors await the earnings performance of the company's key businesses, including oil-to-chemicals (O2C), telecom, retail and oil and gas, following a mixed set of results in the June quarter.Live EventsThe results will also come two days after the scheduled stock market debut of Reliance's telecom and digital services subsidiary, Jio Platforms, on October 28.How Reliance performed in Q1Reliance Industries reported a 22.4% year-on-year decline in consolidated net profit attributable to shareholders to Rs 20,946 crore for the June quarter, compared with Rs 26,994 crore in the corresponding period last year.

The decline was largely due to a high base in the year-ago quarter, which included a one-time gain of Rs 8,924 crore from the sale of listed investments.Revenue from operations, however, increased 25% YoY to Rs 3,11,850 crore from Rs 2,48,660 crore.Its oil-to-chemicals business reported a 30% rise in revenue, with segment EBITDA increasing 17.2% to Rs 17,010 crore. The digital services business also delivered strong growth, with Jio Platforms' EBITDA rising 15.1% to Rs 20,865 crore, supported by higher subscriber additions and improved monetisation.The proposed NCD fundraising will therefore be another development to watch alongside the September-quarter earnings.Reliance sharesShares of Reliance Industries have remained under pressure this year, declining around 24% so far in 2026.

At current levels, the stock is trading nearly 26% below its January peak.The stock's performance has come amid volatility in Indian equities, uncertainty over energy markets and concerns over global economic growth.Meanwhile, Reliance's telecom subsidiary Jio Platforms recently completed India's largest IPO, raising Rs 30,213 crore.(You can now subscribe to our ETMarkets WhatsApp channel)