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.
Prabhudas Lilladher Report
We change our earnings by down 4%/+5.1% for FY22/23E, as we expect Reliance Industries Ltd.'s growth to be back ended.
Despite pandemic restrictions, oil-to-chemical segment benefitted from higher spreads (polymer margins up 30-40% from pre Covid-19 levels, albeit lower sequentially) and cost optimisation while Reliance Jio performance was steady.
Retail was hit by lower footfalls (down 46% q-o-q), but will pick up as restrictions ease.
Recovering economic activity augurs well for all RIL's business segments and downstream focus will create value, going ahead.
We believe RIL with its stated intention to forge global partnership across businesses, is well positioned to incubate new business and pursue inorganic opportunities with its liquid balance sheet.
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.
