| Margins | Transactions priced at market rates, cost plus margin, or trade parity. |
|---|---|
| Demand visibility | High for retail and telecom services through FY28. |
| Management confidence | High; emphasizes robust RPT governance and arm's length pricing. |
Growth
Higher transaction limits proposed for FY27 and FY28 to reflect increased business activity and expanding product portfolios.
Outlook
Significant transaction value projections for FY27/28, including ₹2.2 lakh crore for Jio recharge vouchers and expanded fuel retailing.
Risks
Exposure to dollar-linked energy market volatility and potential risks in inter-company dependence for critical infrastructure.
Last quarter's promises, checked
Delivered
- Targeted 20,000 store milestone → reached 20,000+ stores (= BEAT)
- Guided 5G user growth → reached 268M subscribers (= BEAT)
- Targeted 100% one-day installation for AirFiber → achieved >90% (= BEAT)
Partly delivered
- Guided IPO timeline for H1 2026 → management states it is 'imminent' but no DRHP filed (= PARTIAL)
Missed
- Guided 12-14% E&P production decline → delivered 8% decline (= BEAT/MISS on stability)
Earnings Call filed with BSE, NSE: RELIANCE. Summary written with AI assistance from the document.
Reliance Industries Ltd: key numbers
- Share price
- ₹1,207.70
- Market cap
- ₹16,34,325 Cr
- Revenue (annual)
- ₹10,57,035 Cr
- Net profit (annual)
- ₹80,775 Cr
- P/E (TTM)
- 21.9×Sector 18.6×
- Promoter holding
- 50.48%+0.48% QoQ
- FII holding
- 17.19%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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