Reliance Industries Ltd (RIL), India's most valuable listed company, is set to unveil its financial performance for the fourth quarter and the full fiscal year ending March 31, 2026. The company's board will convene on Friday, April 24, 2026, to approve the audited results and consider a dividend recommendation for equity shareholders.
Q4 2026 Earnings Expectations
According to a preview note from Systematix Institutional Equities, RIL is anticipated to report a stable quarter. The brokerage estimates RIL's consolidated revenue to grow by approximately 8% year-on-year, reaching Rs 2.82 lakh crore. Consolidated EBITDA is also projected to climb by 8.5% year-on-year to Rs 47,600 crore.
However, the net profit for the quarter is expected to see a slight decline of 1% compared to the same period last year, settling around Rs 19,217 crore. Within its diverse portfolio, Jio's revenue is likely to experience a quarter-on-quarter growth of about 2.5%, driven by a roughly 0.6% increase in its subscriber base and a 1% sequential improvement in Average Revenue Per User (ARPU) to approximately Rs 216.
Dividend Announcement and Historical Trends
Beyond the financial figures, the April 24 board meeting will also focus on recommending a dividend for the financial year ended March 31, 2026. While an official time for the earnings release has not been specified, historical trends suggest RIL typically announces its results after market hours, pointing towards a late-afternoon or evening release on the scheduled Friday.
Looking at RIL's recent dividend history, the company distributed a final dividend of Rs 5.50 per share on August 14, 2025. Prior to that, final payouts included Rs 10 on August 19, 2024; Rs 9 on August 21, 2023; and Rs 8 on August 18, 2022.
Market Performance
Shares of the oil-to-telecom conglomerate, which boasts a market capitalization exceeding Rs 18.47 lakh crore, closed 1.61% higher at Rs 1,365.10 apiece on the BSE on the Friday preceding the announcement, up from its previous close.