Reliance Reports Its Biggest Quarter Ever as Jio and Delhivery Jump — Sensex Rallies 1,000 Points on Earnings

A record quarter at India's largest company
Reliance Industries reported its highest-ever quarterly profit for the July–September quarter of FY27, and the market responded the way it responds to records: by buying. Consolidated profit after tax reached ₹29,550 crore, up 33.8 percent from ₹22,092 crore in the corresponding quarter last year. Net profit attributable to the company's owners rose 40 percent to ₹25,548 crore. Consolidated revenue increased 27.8 percent year on year to ₹3,62,268 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 23.9 percent to a record ₹62,409 crore. Shares jumped more than 7.70 percent to ₹1,254.60 on the NSE, making Reliance one of the biggest contributors to Monday's market rally. A record profit is not just a headline — at this scale, it is a macro event. When India's largest company grows revenue by more than a quarter and profit by more than a third, it lifts suppliers, lenders, logistics firms and consumer demand with it, and the index reflects that breadth.

Jio's 13.7% profit rise, Delhivery's 9.5% jump
The supporting cast told the same story. Jio Platforms climbed over 3 percent on Monday after reporting a 13.7 percent rise in consolidated net profit to ₹8,389 crore for the September 2026 quarter (₹8,387 crore in one filing summary), driven by subscriber gains, higher realisations per user and healthy growth in digital services. Consolidated revenue from operations rose 11.4 percent to ₹40,475 crore, from ₹39,173 crore in the prior quarter, and the stock traded at about ₹1,475 on the NSE after rising from a ₹1,431.30 previous close. Delhivery jumped 9.5 percent on Monday following its Q2 FY27 results, with brokerages including JPMorgan, Jefferies, Kotak and Citi maintaining buy calls, highlighting improved margins, higher yields and growth in express parcel volumes. The pattern across all three names is the same: operating leverage. Revenue growth plus margin improvement equals profit growth that outruns revenue growth — the combination equity markets reward most, because it suggests the business is getting more efficient as it gets bigger, not merely bigger.

The wider earnings day, and the 1,000-point rally
The earnings strength landed in a market already primed to rally. The Sensex climbed 1,013.77 points, or 1.36 percent, to 75,473.30 by mid-morning, while the Nifty 50 gained 281.55 points, or 1.22 percent, to 23,334.65. At 11:21 a.m., the Sensex was trading 936.70 points higher at 75,396.23 and the Nifty 265.75 points higher at 23,318.85, with the rally adding nearly ₹6 lakh crore to investors' wealth. Five factors drove it, according to market coverage: falling crude oil prices, Reliance's record earnings, renewed foreign investor buying, and buying spreading across sectors. The earnings calendar was also in full swing: Devyani International, the KFC and Pizza Hut operator, reported consolidated sales up 10.4 percent year on year to ₹1,519 crore and EBITDA up nearly 18 percent to ₹229 crore despite raw-material and wage inflation, with profit before tax of ₹5.7 crore against a loss in the year-ago quarter, same-store sales growth of 4 to 9 percent across its India brands (except Pizza Hut, which improved sequentially), and 70 net new stores added in the quarter — 50 of them KFC outlets in India — taking its store count to 1,923 in India and 2,325 globally. Other names reporting on November 2 included ITC, Marico, UPL, Petronet LNG, NALCO, Escorts Kubota, Granules India and MobiKwik. In the United States, the earnings week continues with Apple reporting after the close on Monday, among roughly 920 US stocks reporting across the week of November 2 to 6.

What to watch next
Three questions decide whether this rally holds. First, does the earnings breadth continue — do the next reports confirm the Reliance/Jio/Delhivery pattern of margin-led profit growth, or was Monday a one-day concentration in a few heavyweights? Second, does foreign buying persist, or was it a single session's flow that reverses on the next global risk-off day, with US midterm results landing during Wednesday's Asian hours and the October US jobs report due Friday? Third, does crude stay down — the falling-oil tailwind helps both Indian importers and global inflation expectations, and a reversal would remove one of Monday's five rally drivers at a stroke. For readers in Pakistan, India and Bangladesh, the practical takeaway is narrower: a record quarter at a conglomerate spanning energy, retail, telecom and digital services is a reminder that earnings, not headlines, ultimately move stocks — and that the earnings season, with its beats, misses and guidance changes, is the calendar that matters most for stock investors right now.

FAQ
How big was Reliance's record quarter? Consolidated profit after tax of ₹29,550 crore, up 33.8 percent year on year; revenue of ₹3,62,268 crore, up 27.8 percent; record EBITDA of ₹62,409 crore, up 23.9 percent.
How did Reliance shares react? Up more than 7.70 percent to ₹1,254.60 on the NSE, one of the biggest contributors to Monday's rally.
What did Jio report? Net profit up 13.7 percent to ₹8,389 crore and revenue up 11.4 percent to ₹40,475 crore for the September 2026 quarter; shares up over 3 percent.
Why did Delhivery jump 9.5%? Improved margins, higher yields and growth in express parcel volumes after its Q2 FY27 results, with major brokerages maintaining buy calls.
How far did the Sensex rally? Up 1,013.77 points (1.36 percent) to 75,473.30 by mid-morning, with the Nifty up 281.55 points to 23,334.65, adding nearly ₹6 lakh crore in investor wealth.

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This article is market news and general information only, not financial advice.