'Add' Reliance Industries Shares Maintains Dolat Capital Post Q1 Results — Check Target Price

RIL’s Ebitda/adjusted PAT came -5%/-8% below expectations due to weak performance by oil-to-chemical and oil and gas. However, the reported PAT boosted other income..NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Reliance Industries Ltd.’s Ebitda/adjusted PAT came -5%/-8% below our expectations due to weak performance by oil-to-chemical and oil and gas. However, the reported PAT boosted other income. Key highlights include-Weak O2C Ebitda QoQ, despite recovery ingross refining margin, supernormal marketing margins on motor spirit and high speed diesel and sourcing of cheap ethane;Retail continued strong performance with store additions of 252 QoQ (highest in last eight quarter. Retail margin expansion is expected at the segment level;FMCG demerger is pending for approvals. Once cleared, Reliance Retail shareholders will get stakes in the new FMCG company; and On-track to commission gigafactories progressively over the next four-six quarters and postcommissioning, business to be self-funded by partnering with the right players for offtake and financing..We tweak our FY26E/FY27E earnings by +1.4%/+0.9%, considering healthy GRM and higher other income. Maintain ‘Accumulate’ rating with upward revision in SoTP-based target price of Rs 1,625 (vs Rs 1,565 earlier). Value discovery in "New Energy" Biz could be a positive trigger for the stock..Click on the attachment to read the full report:.RIL Q1 Results Review — New Energy To Be The Next Phase of Growth Driver, Says Systematix Maintaining 'Buy'.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

'Add' Reliance Industries Shares Maintains Dolat Capital Post Q1 Results — Check Target Price

Value discovery in "New Energy" Biz could be a positive trigger for the stock, says Dolat Capital

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