Mukesh Ambani stocks | Reliance Industries vs Jio Platforms shares: The two Mukesh Ambani-led companies, Reliance Industries Ltd (RIL) and Jio Platforms Ltd (JPL), declared their respective Q2 Results 2026 on Friday. Both companies delivered promising Q2 numbers: RIL reported improved margins in its oil-to-chemicals (O2C) business, while JPL posted strong EBITDA margins, cash reserves, and a rise in ARPU.
According to stock market experts, both Mukesh Ambani-owned stocks are expected to open gap-up on Monday. However, they said that the situation might become tricky for those investors, who want to buy either of these two Mukesh Ambani's stocks.
Decoding Reliance Industries' Q2 Results 2026, Avinash Gorakshkar, Founder of Avinash Mentor Research, said, “Reliance Industries reported strong YoY growth during the July to September 2026 quarter on the consolidated revenue, EBITDA, and net profit front. This could become possible due to the massive recovery in the Oil-to-Chemicals (O2C) EBITDA, which grew about 70% YoY to around ₹25,200 crore during the September 2026 quarter.”
Gorakshkar said that O2C recovery is expected to continue in the next quarter as well, and hence the market is estimating strong Q3 results 2026 from Reliance Industries.
During the July to September 2026 quarter, Reliance's consolidated revenue grew 27.80% YoY to ₹3,62,268 crore, EBITDA grew 23.9% YoY to ₹62,409 crore, and the Profit After Tax (PAT) or net profit shot up 33.80% YoY to ₹29,550 crore.