Reliance earnings preview: Investors want firm timelines for Jio's IPO, completion of new projects
Subscribe to enjoy similar stories. Mumbai: Billionaire Mukesh Ambani-led Reliance Industries is on the cusp of unlocking significant value for shareholders as all its key businesses generate free cash flows simultaneously for the first time and a public listing of its telecommunications business is imminent. Now, investors want firm timelines.
As the company-guided timeline for listing Reliance Jio Platforms in the first half of 2026 draws closer, investors will be keen on a status update when the management shares its Q3 earnings on Friday, experts said. Investors will also look for material updates on the progress of its new energy, artificial intelligence, and consumer goods businesses, which have long been touted as the conglomerate’s next growth engines, with most cash flows for the coming years expected to fund these ventures. "Investors want to know the timeline of the Jio IPO.
That's the top thing on everyone's mind as it will mean huge value unlocking," said Sudip Bandyopadhyay, group chairman at financial services firm Inditrade Capital Ltd. "What they are planning to do with the retail business is also very important – whether they unlock value by bringing in more partners or demerge it. Both businesses have become too big." Reliance is setting up a mega-new energy complex near its oil refinery in Jamnagar, where the company plans to build everything from solar panels and renewable electricity to green hydrogen.
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