KRChokesy: Reliance Industries’ Streak Of Poor Performance Continues In Oil- To-Chemical Business; High-Margin Jio Became Saviour 
Mukesh Ambani, chairman of Reliance Industries Ltd., smiles at a meeting in New Delhi, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

KRChokesy: Reliance Industries’ Streak Of Poor Performance Continues In Oil- To-Chemical Business; High-Margin Jio Became Saviour 

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.

KRChoksey Report

Reliance Industries Ltd. consolidated revenue for the quarter, net of excise, stood at Rs 1,112 biillion, up by 26.0% QoQ / down 25.7% YoY; led by strong rebound in domestic demand across oil to chemical business as well as normalization of retail business in Q2 compared to previous quarter.

Exports was Rs 345 billion; up by 5.6% QoQ. Broadly, performance remained subdued compared to same quarter last year as all business segments de-grew on YoY except digital services that grew 35.7% YoY.

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KRChoksey Reliance Industries Q2FY21 Result Update.pdf

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