BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Reliance Industries Ltd.’s results were broadly in line with our estimates.
Revenue was up 49.8% YoY to Rs 174104 crore as all segments reported revenue growth.
It grew 20.6% QoQ led by retail and oil-to-chemical segment. Ebitda was Rs 26020 crore, up 37.3% YoY, 11.3% QoQ.
RIL's Ebitda growth YoY was driven by retail (44.1%) and oil-to-chemical (43.9%) on account of favorable product mix and higher other income in retail coupled with better downstream demand and margins in oil-to-chemical.
Profit after tax was at Rs 13680 crore, up 43% YoY.
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