The firm reported almost a flat net profit of ₹18,645 crore for the third quarter.
| Photo Credit: Reuters
Shares of Reliance Industries Ltd declined over 3.5% on Monday (January 19, 2026) morning trade after the firm reported almost a flat net profit of ₹18,645 crore for the third quarter, as a decline in gas production and weakness in its retail business offset gains in other segments.
The blue-chip stock dropped 3.50% to ₹1,406.50 on the BSE.
At the NSE, the stock went down by 3.53% to ₹1,406.30.
Reliance Industries’ Q3 earnings were announced on Friday (January 16, 2026) post-market hours.
The country’s largest conglomerate saw muted earnings growth in the retail business on GST rate rationalisation, demerger of consumer product business and distribution of festive buying split between two quarters. This offset healthy margins, driving energy and digital businesses.
Its consolidated net profit of ₹18,645 crore, or ₹13.78 per share, in October-December— the third quarter of the current 2025-26 fiscal year— compared to ₹18,540 crore, or ₹13.70 per share a year back, according to a company statement.
Published – January 19, 2026 11:53 am IST
Source: https://www.thehindu.com/business/markets/reliance-shares-down-over-35-after-q3-earnings-announcement/article70524471.ece
