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.
ICICI Direct Report
Reliance Industries Ltd.'s results were broadly in line with our estimates.
Revenue was up 49.8% YoY to Rs 174104 crore as all segments reported revenue growth.
It grew 20.6% QoQ led by retail and oil-to-chemical segment. Ebitda was Rs 26020 crore, up 37.3% YoY, 11.3% QoQ.
RIL's Ebitda growth YoY was driven by retail (44.1%) and oil-to-chemical (43.9%) on account of favorable product mix and higher other income in retail coupled with better downstream demand and margins in oil-to-chemical.
Profit after tax was at Rs 13680 crore, up 43% 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 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
