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 Jio raised its prepaid tariffs by ~20% across the board, albeit maintaining the popular packs pricing at 7-14% discount to peers.
We expect the full tariff hike flow through to raise the annualised revenues, Ebitda run rate by ~19%, ~35%, respectively, from current levels.
Since we had already baked in ~15% step up hike in FY23, accelerated and slightly higher hike to result in ~6%, ~8% upgrade in FY23 Jio's revenue, Ebitda estimates, respectively.
At Reliance Industries levels, FY22, FY23 revenues and Ebitda were upgraded by 0.4%, 0.8% and 2.2%,2.7%, respectively.
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.
