FIIs pull out, LIC and retail move in: Reliance Q2 shareholding pattern shows shift

Mutual funds and domestic investors continued to show confidence in Reliance Industries Ltd (RIL) during the September quarter of FY26 even as foreign portfolio investors (FPIs) marginally reduced their exposure.

According to the official shareholding data filed with the BSE, mutual funds increased their stake in the company to 9.5% in the September quarter compared to 9.14% in the first quarter of the current fiscal. Among major domestic fund houses, ICICI Prudential Mutual Funds increased its holding from 1.47% to 1.7% (nearly 23 crore shares), while SBI Mutual Funds marginally increased its holding to 2.52% (over 33 crore shares) from 2.49% in the previous quarter.

Insurance giant Life Insurance Corporation of India (LIC) also increased its stake in the Mukesh Ambani-led conglomerate to 6.81%, up slightly from 6.79% in the June quarter. This move signals stable institutional confidence in the company’s long-term prospects.

Retail investors also showed a modest increase in participation, with their collective shareholdings rising to 6.95% in the second quarter of FY26, up from 6.92% in the first quarter.

In contrast, foreign portfolio investors (FPIs) have reduced their exposure to 18.17%, down from 18.70% in the June quarter.

Mukesh Ambani-led Reliance Industries (RIL) reported 10% year-on-year growth in its consolidated net profit in the second quarter at Rs 18,165 crore, compared to Rs 16,563 crore reported in the year-ago period. The profit after tax (PAT) can be attributed to the owners of the company. The company’s operating revenue in the quarter under review stood at Rs 2.59 lakh crore, up 10% from Rs 2.35 lakh crore in the corresponding quarter of the last fiscal. The company’s Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in the quarter under review stood at Rs 50,367 crore, up 15% YoY. EBITDA margin was reported at 17.8%, an increase of 80 basis points compared to the corresponding quarter of the last fiscal year.

RIL’s sequential PAT fell 33% compared to Rs 26,994 crore in Q1FY26, while revenue was 4% higher QoQ compared to Rs 2.49 lakh crore.

The company’s shares ended the Friday session marginally higher at Rs 1,451 per share. The stock is up 6% in the last month and almost 20% since the beginning of the year.

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