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Reliance Industries Q3 Results Review— Good Recovery In Retail, O2C; RJio Weak; Motilal Oswal Reiterates 'Buy'
The brokerage ascribes an equity valuation of Rs 530/share and Rs 6250/share to RIL’s stake in Jio Platforms and Reliance Retail Ventures, respectively.
17 Jan 2025, 10:54 AM IST 
Reliance Industries' Q3 FY25 consolidated Ebitda was up 12% QoQ (+8% YoY) and came in 4% above the brokerages' estimate.
(Source: Reliance Industries website)
Segment-wise, the brokerage expects Reliance Jio to be the biggest driver of Ebitda growth over FY24-27, driven by more frequent tariff hikes, market share gains in wireless, and ramp-up of the homes and enterprise business.
