Reliance Industries Q2 result: Oil-to-telecom conglomerate to announce earnings on October 17; a look at recent updates

RIL will hold an analyst meet post-board meeting to discuss the financial results for the quarter and half-year ended September 30, 2025, it added.

Meanwhile, Reliance Jio, India's largest telecom operator, plans to launch its initial public offering (IPO) by the first half of 2026, which could be the largest share sale in the country's history.

Addressing the annual shareholders' meeting of Reliance Industries in August 2025, Chairman Mukesh Ambani stated that Jio aims to list by June 2026.

According to market analysts, the initial share-sale of Jio is expected to be the biggest IPO in India.

Till now, Hyundai Motor India's ₹27,870 crore (about $3.3 billion) IPO in October 2024 is the biggest initial share-sale. This had surpassed the ₹21,000 crore offering by Life Insurance Corporation of India (LIC) in May 2022.

Addressing the AGM, Ambani said, "Jio is making all arrangements to file for its IPO. We are aiming to list Jio by the first half of 2026, subject to all necessary approvals."

While Ambani did not disclose the quantum of shares to be listed, markets are speculating a 10 per cent share sale. Jio Platforms - the holding company of all digital properties, including the telecom arm - is currently 66.3% owned by Reliance Industries Ltd.

Meta holds a 10% stake in Jio Platforms, while Google has another 7.7%. PE investors have the remaining 16%.

Analysts have pegged Jio's enterprise valuation at $136-154 billion. In April this year, Jeferries had in a note said:"We raise our EV (enterprise value) for Jio to $136 billion as we roll-forward valuations to Mar-26".

Jio, in its 10th year of operation, has crossed the 500-million (50 crore) user mark.

RIL Launches Reliance Intelligence for AI Push

In September 2025, RIL said Reliance Intelligence had been incorporated as a wholly-owned subsidiary of the company.

The certificate of incorporation was received from the Ministry of Corporate Affairs on Tuesday, RIL said in a BSE filing.

"Reliance Intelligence Limited has been incorporated as a wholly owned subsidiary of the company on September 9, 2025," India's largest conglomerate said in the filing.

The AI push was announced by RIL at its AGM last month, where Chairman Mukesh Ambani spoke about the formation of the new subsidiary, which will house large-scale AI infrastructure, as the company also unveiled new partnerships with global tech titans Meta and Google.

RIL to Invest ₹40,000 crore in Food Manufacturing

Reliance Consumer Products Ltd (RCPL), in late September 2025, signed a ₹40,000 crore agreement with the Food Processing Industries Ministry to establish integrated food manufacturing facilities across the country, according to sources.

The Memorandum of Understanding (MoU) to this effect was signed at the World Food India 2025 event here, the sources said.

Reliance Industries had announced the investment plan at its annual general meeting in August, saying it would create "Asia's largest integrated food parks with AI-driven automation, robotics, and sustainable technologies."

RCPL, which emerged from Reliance Retail and became a direct subsidiary of Reliance Industries, has become one of India's fastest-growing fast-moving consumer goods companies, generating revenue of over ₹11,000 crore in just three years since inception.