Should you buy Reliance shares after strong Q1 results 2026?

Reliance Industries reported Q1FY27 results with consolidated revenue rising 25.4% YoY to about ₹3,11,850 crore and EBITDA up 10.1% YoY at ₹54,067 crore. Reported net profit declined 22.4% YoY to ₹20,946 crore due to a high base from a one-time ₹8,924 crore gain in the year-ago period from the Asian Paints stake sale; excluding this exceptional item, profit rose 15.9% YoY. The stock gained 2.50% on results day, with analysts flagging strong Jio Platforms performance, the DRHP filing for Jio's IPO, and sequential margin recovery as key positives.