Reliance Industries Shares Drop Following Q4 Earnings Report
Reliance Industries shares dip over 1% after Q4 results. What are Goldman Sachs, Morgan Stanley, others saying?
The Economic Times
Image: The Economic Times
Shares of Reliance Industries, led by Mukesh Ambani, fell over 1% to ₹1,311 after reporting a 13% decline in consolidated net profit for Q4 FY26. Analysts from Goldman Sachs and Morgan Stanley maintain positive outlooks, citing potential recovery in margins and strong retail growth despite current challenges.
- 01Reliance Industries reported a 13% year-on-year decline in consolidated net profit for Q4 FY26.
- 02Morgan Stanley maintains an Overweight rating with a target price of ₹1,803, indicating a 35% upside.
- 03Goldman Sachs retains a Buy rating with a target of ₹1,910, anticipating margin recovery in the coming quarters.
- 04Motilal Oswal reduces its target price to ₹1,655, citing challenges in the energy sector.
- 05Elara Capital upgrades Reliance to Buy but lowers its target price to ₹1,619 due to weak O2C margins.
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Shares of Reliance Industries, led by Mukesh Ambani, dipped over 1% to a low of ₹1,311 on the National Stock Exchange (NSE) following the company's Q4 FY26 earnings report, which revealed a 13% year-on-year decline in consolidated net profit at ₹16,971 crore compared to ₹19,407 crore in the same quarter last year. Revenue from operations rose 13% year-on-year to ₹2.98 lakh crore. Sequentially, profit fell 8% from ₹18,645 crore in the previous quarter. The company’s EBITDA also saw a slight decline of 0.3% year-on-year to ₹48,588 crore, with margins decreasing by 200 basis points to 14.9%. Jio Platforms performed well, with revenue increasing 13% to ₹44,928 crore, while Reliance Retail's net profit rose 0.5% to ₹3,563 crore. Analysts from major brokerages have mixed views; Morgan Stanley and Goldman Sachs remain optimistic about the company's future, citing strong retail growth and potential margin recovery, while Motilal Oswal and Elara Capital express concerns over challenges in the energy business and O2C margins.
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The decline in Reliance Industries' shares could impact investor sentiment and market confidence, particularly among retail investors and shareholders. Additionally, the performance of its retail and digital businesses may influence job stability and growth in these sectors.
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