RELIANCE

Investors are expected to focus on Reliance's IPO roadmap, with Jio eyeing a 2025 listing and retail to follow. Reuters had reported in November 2024 that billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch his retail unit's IPO much later. Ambani in 2019 had said that Reliance Jio and Reliance Retail would "move towards" a listing within five ***** Industries posted a 12 percent year-on-year increase in consolidated net profit to a record high of Rs 21,930 crore for the quarter ended December 31, driven by strong performances in its digital services, retail and oils-to-chemicals businesses. RIL's Q3 revenue rose 7.7 percent to Rs 2.67 lakh crore from a year earlier, while EBITDA climbed 7.8 percent to Rs 48,003 crore. EBITDA margin expanded 10 basis points from a year earlier to 18 percent. It widened 1 percentage point from the preceding quarter. The digital services division led the charge in the fiscal third quarter, with EBITDA surging 17 percent to Rs 16,640 crore, driven by a higher average revenue per user (ARPU) of Rs 203.3. Jio continued its aggressive 5G expansion, with 170 million True5G subscribers now contributing 40 percent of the company's wireless traffic.