RIL Q3 Review - Strong Result Across Verticals: Prabhudas Lilladher

"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..Prabhudas Lilladher Report.We maintain Reliance Industries Ltd.’s FY22-24E estimates as Q3 performance benefitted from higher gross refining margins and higher gas realisation, even though petrochem segment was impacted by higher input prices. Retail segment saw sharp improvement with 97% of stores operational (Q1 89%), while Jio displayed steady performance despite sim consolidation among inactive customers. RIL’s vertical growth remains impressive given- recovery in GRMs due to gas to oil switch (Singapore GRMs at over $7/barrel oil of oil versus $3 in H1),higher gas realisation in H2 are at $6.13/metric million British thermal unit (H1 $3.62) andimproving retail profitability trend as pandemic concerns ease. All round recovery in global economic activity augurs well for all RIL’s business segments and we believe RIL is well positioned to incubate new business and pursue inorganic opportunities with its liquid balance sheet. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

RIL Q3 Review - Strong Result Across Verticals: Prabhudas Lilladher