Q1 Results Today: Reliance, JSW Steel, Federal Bank Among 30 Companies Announcing Q1 FY27 Earnings on July 17

The June-quarter earnings season enters a crucial phase today as several heavyweight companies prepare to release their Q1 FY27 financial results. Investors are expected to closely track management commentary, revenue growth, profitability, margins, and business outlook as corporate earnings continue to influence market sentiment.

The biggest focus of today's earnings calendar will be Reliance Industries Ltd. (RIL), India's most valuable company by market capitalization. Analysts expect healthy year-on-year growth in revenue and operating profit, supported by improving performance in the Oil-to-Chemicals (O2C) segment and continued momentum in Jio's telecom business.

Apart from Reliance, earnings from companies across banking, financial services, metals, consumer durables, pharmaceuticals, real estate, technology, logistics, chemicals, and fintech are expected to provide insights into the broader health of the Indian economy during the first quarter of FY27.

The results come at a time when investors remain cautious amid global geopolitical uncertainties, elevated crude oil prices, and volatility across international markets.

Reliance Industries Q1 Preview: Key Expectations

Reliance Industries is expected to remain the market's biggest earnings event today.

Brokerage estimates indicate that stronger refining margins, improving petrochemical spreads, and steady growth in Jio's digital services business are likely to support earnings during the June quarter.

However, analysts expect some pressure in the retail business due to softer consumer spending, while the upstream oil and gas business could remain impacted by lower production from the KG-D6 block.

Reliance Industries: Q1 FY27 Expectations

Metric	Brokerage Estimates
Net Profit	₹16,200 crore – ₹18,470 crore
Revenue	₹3.09 lakh crore – ₹3.20 lakh crore
EBITDA Growth	4% – 10% YoY
Key Growth Drivers	O2C, Jio Digital Services
Areas Under Watch	Retail demand, KG-D6 production

Investors will also monitor management commentary on:

• O2C margins
• Jio subscriber additions
• Average Revenue Per User (ARPU)
• Telecom tariff outlook
• Retail demand trends
• Capital expenditure (CapEx)
• Future growth strategy

Complete List of Companies Announcing Q1 Results Today

Nearly 30 listed companies are scheduled to announce their June quarter earnings today.

Company	Sector
Reliance Industries	Oil & Gas, Telecom, Retail
JSW Steel	Steel
Federal Bank	Banking
Havells India	Consumer Electricals
Oberoi Realty	Real Estate
Poonawalla Fincorp	NBFC
Tata Technologies	Engineering & Technology
Central Bank of India	Banking
RBL Bank	Banking
Jayaswal Neco Industries	Metals
Turtlemint Fintech Solutions	FinTech
Tatva Chintan Pharma Chem	Specialty Chemicals
Globus Spirits	Alcohol & Beverages
Navkar Corporation	Logistics
Amal Ltd	Chemicals
Chembond Material Technologies	Industrial Chemicals
PIL Italica Lifestyle	Consumer Products
Radhe Developers (India)	Real Estate
Lakhotia Polyesters	Textiles
Mantra Capital	Financial Services
Nam Securities	Financial Services
B2B Software Technologies	IT
Vivimed Labs	Pharmaceuticals
TOYAM Sports	Sports & Entertainment
Lake Shore Realty	Real Estate
Nalin Lease Finance	Finance
Roselabs Finance	Financial Services

Sector-Wise Companies Reporting Today

Sector	Companies
Banking & Financial Services	Federal Bank, Central Bank of India, RBL Bank, Poonawalla Fincorp, Nam Securities, Roselabs Finance
Metals & Steel	JSW Steel, Jayaswal Neco Industries
Real Estate	Oberoi Realty, Lake Shore Realty, Radhe Developers
Technology	Tata Technologies, B2B Software Technologies
Consumer	Havells India, PIL Italica Lifestyle
Chemicals	Tatva Chintan Pharma Chem, Chembond Material Technologies, Amal
Pharma	Vivimed Labs
Logistics	Navkar Corporation
Beverages	Globus Spirits
Sports	TOYAM Sports

Why Today's Q1 Results Matter

The first quarter earnings season often provides investors with the earliest indication of how businesses are performing in the new financial year.

This quarter assumes even greater significance as companies continue to navigate:

• Global geopolitical uncertainties
• Fluctuating crude oil prices
• Interest rate expectations
• Domestic consumption trends
• Infrastructure spending
• Export demand
• Inflationary pressures

Strong earnings could improve investor confidence and support market sentiment, while weaker-than-expected results may increase volatility in individual stocks.

Market Outlook

Indian benchmark indices remained largely range-bound ahead of today's earnings announcements as investors preferred to wait for corporate earnings before taking fresh positions.

With Reliance Industries accounting for a significant weight in benchmark indices, its earnings and management commentary could influence the direction of the Sensex and Nifty 50 in the coming trading sessions.

Apart from headline numbers, investors are expected to focus on revenue growth, operating margins, guidance, capital expenditure plans, and management commentary to assess the outlook for FY27.

1. Which companies are announcing Q1 FY27 results today?

Major companies include Reliance Industries, JSW Steel, Federal Bank, Havells India, Oberoi Realty, Tata Technologies, Poonawalla Fincorp, Central Bank of India, and RBL Bank, along with several other listed companies.

2. Why are Reliance Industries' Q1 results important?

Reliance Industries is India's largest listed company, and its earnings provide insights into the performance of sectors such as refining, petrochemicals, telecom, retail, and energy.

3. What are analysts expecting from Reliance Industries?

Brokerages expect net profit between ₹16,200 crore and ₹18,470 crore, revenue of ₹3.09–₹3.20 lakh crore, and EBITDA growth of 4–10% year-on-year.

4. Which sectors are reporting earnings today?

Companies from banking, steel, consumer goods, technology, real estate, pharmaceuticals, chemicals, logistics, fintech, and financial services are announcing Q1 results.

5. Why do quarterly earnings matter for investors?

Quarterly earnings help investors evaluate a company's revenue growth, profitability, margins, business outlook, and future guidance, making them one of the biggest drivers of stock price movements.