Page 4 of IndusInd Bank

Reliance Industries to announce second quarterly results for FY 2026 today, expected to show 13-14% year-on-year EBITDA growth. JPMorgan predicts 14% rise in consolidated EBITDA, driven by improved O2C margins and telecom tariff hikes. ICICI Securities expects 8% y-o-y increase in PAT, with retail segment earnings up 10%. Axis Capital estimates 10% y-o-y revenue growth and 14% y-o-y EBIT