Reliance Industries, Jio Platforms Share Price: Shares of Mukesh Ambani-led Reliance Industries and Jio Platforms, two of India’s biggest companies by market capitalisation, surged up to 6 per cent on Monday after both companies reported an increase in net profit for the quarter ended September 30, 2026.
In early trade on Monday, Reliance Industries shares jumped 5 per cent, or Rs 58.45, to trade at Rs 1,222. The stock touched an intraday high of Rs 1,234, gaining over 6 per cent from its previous close of Rs 1,163.55.
Reliance Industries reported a 40.6 per cent year-on-year increase in consolidated net profit to Rs 25,548 crore in the second quarter of FY27, supported by stronger refining margins and growth in its digital services business.
The company’s revenue from operations reached a record Rs 3.38 lakh crore, marking a 28 per cent rise compared with the year-ago period.
Jio Platforms reported a 13.7 per cent year-on-year increase in net profit to Rs 8,389 crore for the September 2026 quarter. This marked the company’s first quarterly results announcement since its stock market debut.
Revenue rose 11.4 per cent to Rs 40,475 crore, driven by subscriber additions, higher average revenue per user (ARPU) and growth in digital services.