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This Article is From Nov 02, 2020

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

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)

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.

Click on the attachment to read the full report:

DISCLAIMER

This 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 brokerage 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.

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