Mukesh Ambani-led Reliance Industries is going to hold its Annual General Meeting (AGM) virtually at 2 PM with over 44 lakh shareholders expected to tune in. Anticipation is particularly high around whether Chairman Mukesh Ambani will finally provide clarity on the long-awaited Reliance Jio IPO and if there are any the impact of US tariff on their crude sourcing and Oil to Chemical (O2C) business. Here are key things to watch out for.
Tariff impact on crude sourcing
Reliance Industries is one of the largest buyers of Russian oil in India, and as the US has doubled tariffs on Indian imports to 50% as a penalty for purchasing discounted Russian oil, investors are closely watching for any announcements on the company’s plans to manage sourcing costs.
Focus on Jio IPO announcement
Reliance Jio IPO, anticipated to be India’s largest ever, was originally expected to launch in 2025, according to media reports. However, the listing has now been postponed, and the company has not provided any clarity on a revised timeline.
At the 2019 AGM, Mukesh Ambani had told shareholders that Reliance Industries aimed to list its telecom and retail arms within five years. Since then, no concrete updates have emerged.
Alongside its telecom unit, Jio Infocomm, Reliance had also planned an IPO for its retail arm. The retail listing was expected to follow Jio’s IPO, and investors are likely keeping an eye out for any announcements regarding this.
RIL on AI integration
Beyond oil and telecom and IPO announcements, the Street will also watch Reliance’s vision for artificial intelligence. The company has been expanding across energy, media, and connectivity, and analysts expect Ambani to outline how AI could tie these businesses together, from smarter retail supply chains to new digital offerings.
Q1FY26: Reliance posts record quarterly profit of Rs 26,994 crore
Reliance Industries reported its highest-ever quarterly profit for Q1 FY26, with a net profit of Rs 26,994 crore, marking a 78% year-on-year increase. This surge was primarily driven by a one-time gain of Rs 8,924 crore from the sale of its stake in Asian Paints. Excluding this gain, the profit still grew by 20% year-over-year, reflecting strong operational performance across its core segments.
Share price of Reliance Industries
So far in 2025, Reliance Industries share price have gained nearly 14%. On a six-month basis, it is up 15%, while on a one-year basis, it is down nearly 7%. The company currently commands a market capitalisation of Rs 18.74 lakh crore. Reliance shares have a 52-week high of Rs 1,551 and a 52-week low of Rs 1,114.85.
Jio Financial Services AGM
Reliance Industries’ financial services arm, Jio Financial Services (JFS) has also held its AGM on Aug 28 and unveiled aggressive expansion in its digital financial services portfolio. The assets under management (AUM) of the company soar to Rs 11,665 crore in Q1 FY26, up from just Rs 217 crore a year earlier, backed by a strong PAT of Rs 1,613 crore in FY25. The company also announced strategic partnerships with Allianz (to explore insurance ventures) and BlackRock (for asset management, wealth management, and securities broking)—including a successful NFO that raised Rs 17,876 crore—signalling a significant push into new financial verticals.