All eyes are on Mukesh Ambani-led Reliance Group as two of its major businesses, Reliance Industries and Jio Platforms, are scheduled to announce their September-quarter results for Q2 FY27 on October 30, 2026.

The results come at an important time for investors, particularly following Jio's much-awaited stock market listing. Market participants are keen to understand whether the companies have delivered strong financial performance and whether their earnings could influence their share prices.

Ahead of the announcements, both stocks witnessed volatility during Friday's trading session. Although they opened on a positive note, selling pressure emerged as the session progressed, reflecting cautious investor sentiment.

Reliance and Jio Shares Witness Volatility Ahead of Results

Reliance Industries shares began Friday's session with gains but failed to maintain their upward momentum. The stock subsequently declined and touched an intraday low of ₹1,157.10. However, the fall remained below 1%.

Jio Platforms shares also followed a similar pattern. After opening higher, the stock came under selling pressure and declined by more than 2.41% during the trading session.

The market's cautious approach suggests that investors are waiting for the companies' quarterly numbers before making fresh investment decisions. Their revenue growth, profitability, operating 's revenue and net profit could register double-digit growth on a year-on-year basis.

Its revenue is projected to reach approximately ₹40,000 crore, representing an increase of around 11% compared with the corresponding quarter last year. On a quarter-on-quarter basis, revenue could rise by approximately 3%.

Net profit is expected to increase by nearly 18% year-on-year. EBITDA is also projected to grow, while operating 's retail and oil and gas businesses.

• Growth in Jio's subscriber base, average revenue per user and profitability.

• Management commentary on future investments, expansion plans and business outlook.

The key question is whether the companies can convert their expected growth into sustainable profitability.

With Reliance Industries' O2C business projected to deliver strong growth and Jio Platforms expected to report double-digit earnings expansion, the September-quarter results could provide important signals about the group's financial momentum. Investors will now be watching the actual numbers and management guidance to understand what lies ahead for both stocks.