A firm with its headquarters in India, Reliance Industries Limited engages in business in the Oil to Chemicals (O2C), Oil and Gas, Retail, Digital Services, and Financial Services sectors. The O2C segment includes downstream manufacturing facilities, logistics and supply-chain infrastructure, petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing. Its assets include refinery off-gas crackers, aromatics, gasification, multi-feed and gas crackers.

 Exploration, development, and production of natural gas and crude oil are all part of the oil and gas segment. Consumer retail and a number of associated services are included in the retail section.A variety of digital services are provided under the "Digital Services" division. The management and deployment of specific Company resources to diverse operations, such as non-banking financial services and insurance broking, are included in the Financial Services section.

The switch to 4G in India was sparked by Jio's introduction. By March 2022, there will be over 730 million 4G subscribers worldwide, thanks to better device ecosystems and increased broadband network penetration in India's urban and rural areas. Over the next few years, more than 250 million 2G feature phone users in the nation will likewise switch to digital networks.

The entire mobile data traffic in India is expected to more than double to reach 49.0 Exabytes per month by 2027, according to the Ericsson Mobility Report 2021. Two things will be responsible for this: a rise in smartphone usage on average and increased smartphone penetration, including in rural regions. For this increased data usage, Jio's device strategy and ongoing investments in digital will be crucial.

With the highest levels of engagement in each area, Jio has developed a spectrum of products and services that include entertainment, business, communication, finance, education, and gaming.Jio has undertaken field tests of its in-house 5G stack, which is competitive and has capabilities comparable to those of major international Tier 1 providers. The planning for the top 1,000 cities' coverage is complete.

FINANCIAL INFORMATION

Source: Company financial Report

Reliance Industries Limited released financial results for the three and six months ending September 30, 2022. The company posted sales of INR 2,534,970 million for the second quarter as opposed to INR 1,915,320 million in the same period last year. Compared to INR 1,783,280 million in revenue a year prior, revenue was INR 2,363,770 million. Compared to INR 136,800,000,000 a year before, net income was INR 136,560,000,000. From continuing activities, basic earnings per share were INR 20.18 as opposed to INR 20.88 in the prior year.

SHAREHOLDING PATTERN

Source: Company financial Report

COMPARE VALUATIONS WITH PEERS

Source: Company financial Report

1. The Promoter holdings have decreased by -0.05%.
2. However, the number of shares held by the Promoters has remained constant.
3. No change in Promoter pledged shares.

Jio's expenditures to develop a top-notch digital infrastructure will open the way for India to become a leading digital society. These remedies are presently being widely adopted in preparation for eventual global distribution.The growth momentum and operational leverage will be accelerated by revenue streams across the connectivity and technology platforms. Not only would these initiatives have a hugely positive socio-economic over the next few decades, but will also produce significant shareholder profits.