Reliance reports record FY25 revenue, announces Jio IPO by H1 2026, launches AI subsidiary with Google & Meta
The announcement of Jio's IPO, the formation of a new AI subsidiary with partnerships from Google and Meta, and the ambitious growth targets across all segments are major strategic developments that will significantly influence the company's future valuation, market position, and long-term growth prospects.
The company reported record revenues and profits for FY25, announced a highly anticipated IPO for Jio, and established a new AI subsidiary 'Reliance Intelligence' with significant partnerships with global tech giants Google and Meta, indicating strong growth, strategic expansion, and a very optimistic future outlook.
* Reliance Industries Limited (RELIANCE) announced a stellar financial performance for FY25, achieving a record consolidated revenue of ₹10,71,174 crore (approximately $125.3 billion), making it India's first company to cross $125 billion in annual revenues. * EBITDA stood at ₹1,83,422 crore (approximately $21.5 billion), and net profit grew to ₹81,309 crore (approximately $9.5 billion). The company invested cumulatively ₹5.6 lakh crore (approximately $65.5 billion) over the last three years. * Chairman Mukesh Ambani stated that Reliance is at the forefront of building a deep-tech economy for Viksit Bharat and is transforming its operating model to become a Deep-Tech company, making every business AI-native. * Digital Services (Jio): * Jio has surpassed 500 million customers, with revenue growing 17% YoY to ₹1,28,218 crore (approximately $15.0 billion) and EBITDA at ₹64,170 crore (approximately $7.5 billion) in FY25. * Jio is making arrangements to file for its IPO, aiming for a listing by the first-half of 2026, subject to necessary approvals. * Future plans include connecting every Indian, equipping homes with digital services, digitising businesses, leading the AI revolution with the motto "AI Everywhere for Everyone," and global expansion. * New innovations like Jio AI Cloud, AI Create Hub, JioPC, and AI-powered wearable JioFrames were showcased. * Reliance Intelligence: * A new wholly-owned subsidiary, Reliance Intelligence, has been formed to spearhead India's AI future. * Its mission includes building gigawatt-scale, AI-ready data centres (with work started in Jamnagar), fostering global partnerships, delivering affordable AI services for India, and attracting world-class AI talent. * Reliance announced deeper, holistic AI partnerships with Google, establishing a Jamnagar Cloud region powered by Reliance's clean energy and Jio's network. Sundar Pichai, CEO of Google and Alphabet, confirmed this collaboration. * A new India-focused AI joint venture with Meta was also unveiled to combine open-source AI models and tools (like Lama) with Reliance's domain expertise across various industries. Mark Zuckerberg, Founder and CEO of Meta, highlighted the goal of making AI accessible to Indian businesses. * Media & Entertainment: * JioStar, formed in partnership with Disney, has become a significant player, with the JioHotstar app reaching over 600 million users and 300 million paying subscribers, making it the world's second-largest streaming platform. * Network18's Moneycontrol has over 1 million paid subscribers, and Firstpost recorded over 400 million video views in May 2025. * Retail Business: * Reliance Retail's gross revenue grew 8% to ₹3,30,943 crore (approximately $38.7 billion), with EBITDA rising 8.6% to ₹25,094 crore (approximately $2.9 billion). * Isha Ambani, head of Retail Business, expressed confidence in achieving a 20%+ CAGR in retail revenues over the next three years. * Reliance Consumer Products Limited (RCPL) achieved a turnover of ₹11,500 crore (approximately $1.4 billion) in its first year and will become a direct subsidiary of Reliance Industries.
What to do with a filing like this
Reliance Industries Limited filed this with the NSE as a statutory disclosure, categorised under results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Reliance Industries Limited. Read the original for the full detail.