---
title: "Weekly Recap: Q1 FY27 profit dip and Jio Platforms IPO filing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296720299.md"
description: "Reliance Industries reported Q1 FY27 revenue of Rs 311,850 crore and owner profit of Rs 20,946 crore, down 22.4% YoY despite a 10.1% EBITDA rise. Key developments include Jio Platforms filing for an IPO in June 2026, shareholder approval to expand into explosives and fertilizers, battery capacity milestones, and a strategic partnership with Rolls-Royce for indigenous combat engine development."
datetime: "2026-08-24T01:14:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296720299.md)
  - [en](https://longbridge.com/en/news/296720299.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296720299.md)
generator: "portal-rs"
---

# Weekly Recap: Q1 FY27 profit dip and Jio Platforms IPO filing

Reliance Industries Ltd Sponsored GDR 144A (NSE:RELIANCE) reported Q1 FY27 revenue of Rs 311,850 crore and owner profit of Rs 20,946 crore as EBITDA rose 10.1%, while moves including a Jio Platforms IPO filing, expanded business scope into explosives/fertilisers, battery capacity targets and a Rolls-Royce tie-up on combat engines signal diversified growth and strategic shifts.

**Previous Week Recap**

-   **Revenue High, Profit Decline**: RELIANCE Q1 FY27: revenue Rs 311,850 crore, profit to owners Rs 20,946 crore (down 22.4% YoY), consolidated EBITDA Rs 54,067 crore (+10.1% YoY), EBITDA margin 15.9%. Mint
-   **Jio Platforms IPO Draft Filed**: RELIANCE: Jio Platforms filed June 2026 IPO draft with SEBI for a 2026 public listing via fresh issue of 27 crore shares (≈2.93% post-issue); proceeds go to Jio Platforms. CNBC TV18
-   **Amendment For Ammonium Nitrate**: RELIANCE shareholders approved amending the memorandum to add production and sale of ammonium nitrate, explosives, fertilisers and related inputs; material related-party transactions also approved. CNBC TV18
-   **GDR 144A Battery Milestones**: Reliance Industries Ltd Sponsored GDR 144A (RELIANCE) aims to meet 2022 5 GWh battery capacity milestones by December; extension applies to that 5 GWh award; Ola Electric reported ~1.4 GWh added. Mint
-   **Rolls-Royce Aerospace Partnership**: RELIANCE partners with Rolls‑Royce to co‑develop an indigenous combat engine for India’s AMCA and explore an aerospace gas‑turbine complex for design, testing, production and lifecycle support. 2 sources

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**