Topic
reliance industries
Business Reliance Industries Q1 Profit Falls 25% to Rs 23,196 Crore, Revenue Rises 25%
Reliance Industries reported a 25% decline in Q1 profit to Rs 23,196 crore, beating estimates, as revenue rose 25% to Rs 3.1 lakh crore. The drop was due to a one-off gain in the year-ago quarter from the sale of a stake in Asian Paints. EBITDA grew 10% to Rs 51,403 crore, led by strong performance in O2C and Jio.
Business Reliance Industries Q2 FY27 Results: Record EBITDA, Revenue Surges 25% Year-on-Year
Reliance Industries Ltd reported its highest-ever quarterly core profit and EBITDA for the June quarter, with consolidated revenue rising 25.4% year-on-year to Rs 3.12 lakh crore. Recurring EBITDA increased 10.1% to a record Rs 54,067 crore, despite geopolitical tensions and volatile commodity markets. The Oil-to-Chemicals and Jio Platforms businesses drove strong performance.
Business RIL AGM: Jio Platforms Files for $4B IPO, AI and Satellite Broadband Take Centre Stage
Reliance Industries Chairman Mukesh Ambani unveiled strategic plans at the 49th AGM, including Jio Platforms' draft IPO for up to ₹37,700 crore ($4B), making it India's largest public issue. The company is advancing artificial intelligence, satellite broadband, and renewable energy initiatives while transitioning operational leadership to his children.
Finance Jio Platforms IPO Announced at Reliance AGM; DRHP to Be Filed with SEBI Today
Mukesh Ambani announced at Reliance Industries' 49th AGM that Jio Platforms has approved its DRHP for an IPO, to be filed with SEBI. The IPO comprises a fresh issue of up to 27 crore equity shares, expected to be India's largest public issue, with funds raised directly by the company. The listing could unlock significant value, with analysts estimating a valuation of ₹8-10 lakh crore.