- Hindi News
- Business
- Reliance 49th AGM | Big Signal On Jio, Retail IPO Listing Date & Market Watch
Mumbai8 minutes ago
- copy link
Reliance Industries will hold its 49th Annual General Meeting today at 2 pm. This time, instead of announcing any new business, investors want clarity on when Jio Platforms will be listed. Last year, Reliance had announced this IPO and indicated that Jio could be listed in the first half of 2026.
Reliance Retail’s IPO may also be announced
Along with Jio, investors are also waiting for signals regarding the possible IPO of Reliance Retail. The retail business has emerged as one of the Group’s most important growth engines, driven by new store openings, continuously growing customer base and growth in digital and quick-commerce channels. In such a situation, investors will keep an eye on the statements regarding listing plans or long-term growth targets.
Company’s profit fell by 13% in the fourth quarter
In the fourth quarter (January-March) of the financial year 2025-26, Reliance’s net profit declined by 13% year-on-year to Rs 16,971 crore. Profit in the same quarter a year ago was ₹19,407 crore. However, during this period the company’s revenue has increased by 13% to Rs 2.98 lakh crore. It was Rs 2.64 lakh crore in the same quarter a year ago i.e. January-March 2025.
Source link
[ad_3]
