Reliance Industries Ltd Share Price – NSE /  BSE

Refineries, Mid Cap

Reliance Industries will continue to remain the controlling shareholder of Jio Platforms with a 66.43% stake. As of 31 March 2026, Reliance Industries held 593.78 crore shares in Jio Platforms.

According to the DRHP, up to 50% of the issue size will be allocated to qualified institutional buyers, while at least 35% will be reserved for retail investors. The DRHP provides for separate reservation portions for eligible Reliance Industries shareholders and employees, although the size of these reservations has not yet been disclosed.

The issue proceeds will be used primarily for the prepayment or repayment of certain borrowings of Reliance Jio Infocomm (RJIL), the company's material subsidiary, and for general corporate purposes. Jio Platforms plans to deploy up to Rs 27,500 crore from the net proceeds towards repayment or prepayment of RJIL borrowings.

Jio Platforms reported revenue from operations of Rs 146,885.30 crore in FY26, up 14.6% from Rs 128,218.40 crore in FY25. EBITDA rose 18.8% to Rs 76,255.40 crore from Rs 64,170 crore, while EBITDA margin improved to 51.91% from 50.05%.

Profit before tax increased 14.9% to Rs 40,353.10 crore in FY26 from Rs 35,127.30 crore in FY25. Profit after tax rose 15.1% to Rs 30,049.10 crore from Rs 26,109 crore a year earlier.

Jio Platforms is the digital services arm of Reliance Industries and houses businesses across telecom, digital platforms and technology services. The company had a customer base of 524.4 million at the end of FY26, compared with 488.2 million a year earlier.

Jio Platforms houses Reliance Industries' telecom, digital platform and technology businesses and is one of the country's largest digital services companies.

Reliance Industries, India's largest private sector enterprise, has interests spanning oil and gas exploration, refining and petrochemicals, retail, digital services, advanced materials and renewable energy.

On a consolidated basis, Reliance Industries reported an 8.9% decline in profit after tax, including share of profit or loss from associates and joint ventures, to Rs 20,589 crore in Q4 FY26. Profit before tax fell 6.6% year-on-year to Rs 27,195 crore. Gross revenue increased 12.9% to Rs 325,290 crore, driven by strong performance in the oil-to-chemicals, retail and digital services businesses, although lower gas production from the KG-D6 block weighed on the oil and gas segment.

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Jio Platforms (JPL) has today, i.e., 19 June 2026, filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India, BSE and National Stock Exchange of India in connection with its proposed IPO. The IPO will be subject to receipt of the required regulatory approvals.

Ambani said Reliance is also developing a carbon fibre facility at Hazira, which will be the largest of its kind. In addition, the company is setting up a PVC and CPVC facility with a capacity of 1.2 million tonnes, aimed at reducing India's dependence on imports.

In the fuel retail business, Jio-bp maintained adequate fuel availability across its network during the year, he said.

The company's fuel retail network expanded 29% year on year to nearly 2,200 outlets, with another 400 outlets under construction.

Ambani added that Jio-bp has expanded its EV charging infrastructure to 80 cities and 45 highways. The company also strengthened its consumer products and services network, becoming the largest player in the segment.

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Ambani said Reliance Retail and Reliance Consumer Products (RCPL) will drive growth through an advanced manufacturing platform spanning categories such as beverages, daily essentials and fresh fruits and vegetables.

He said the company plans to modernise the largely unorganised fresh produce segment by leveraging its sourcing, cold-chain and distribution network. The initiative aims to reduce wastage, improve hygiene and food safety standards, and deliver better value to farmers, retailers and consumers.

Ambani also announced plans to build a future-ready garment manufacturing ecosystem. Reliance has already established supplier partnerships across 21 manufacturing clusters nationwide to produce quality garments at competitive costs.

In addition, the company plans to expand domestic manufacturing of affordable electronics, including smart eyewear, televisions, smartphones and connected wearables, while maintaining a strong focus on customer service.

The second growth engine will be an exports platform, which Ambani described as a natural extension of the manufacturing business. He said the rapid growth of Reliance's consumer brands portfolio in India has strengthened the company's confidence to build a scalable global FMCG business.

According to Ambani, the export initiative will leverage Reliance's growing brand portfolio and product capabilities to serve consumers across international markets.

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