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.
Motilal Oswal Report
Reliance Industries Ltd.'s Ebitda for the consolidated/standalone business rose 38%/61% YoY in Q1 FY22 on a low base of last year (2% beat).
Reliance Jio’s Ebitda was in line (up 23% y-o-y), while the same for retail grew 79% y-o-y (6% beat) on a low base.
Despite the impact of the second Covid-19 wave, RJio held its ground after the push from the Jio Phone launch in Q4 FY21.
Reliance retail’s revenue/Ebitda grew 19%/79% YoY (6% Ebitda beat) as the second Covid-19 wave had a lesser impact versus that in Q1 FY21, cushioned by the e-commerce business, swift recovery, and lesser intensity of the lockdown.
RIL reported an oil-to-chemicals Ebitda that was 6% higher than our estimate at Rs 114.6 billion (up 61% y-o-y, up 12% q-o-q).
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