Reliance Industries (Q2FY24): Robust Earnings from Energy Businesses. Maintain ADD
RIL’s consolidated EBITDA at INR 410bn (+32% YoY, +8% QoQ, HSIE: INR 385bn) and APAT at INR 174bn (+27% YoY, +9% QoQ) came in above our estimates
258 Views
Reliance Industries (Q2FY24): Robust Earnings from Energy Businesses.
Our ADD rating on Reliance Industries (RIL) with a price target of INR 2,515/sh is premised on (1) recovery in the O2C businesses, (2) EBITDA...
371 Views
Reliance Industries (Q1FY24): Muted O2C Performance. Maintain ADD
RIL’s consolidated EBITDA at INR 381bn (+1% YoY, -1% QoQ, HSIE: INR 382bn) and APAT at INR 160bn (-11% YoY, -17% QoQ) came in below our estimates
370 Views
Reliance Industries (Q4FY23): Next Leg of Growth Capex Picking Up.
RIL’s consolidated EBITDA at INR 384bn (+23% YoY, +9% QoQ, HSIE: INR 378bn) and APAT at INR 193bn (+19% YoY, +22% QoQ), came in above our estimates
570 Views
Reliance Industries (Results Review Q3FY23): Earnings remain strong. Maintain ADD
Our ADD rating on Reliance Industries (RIL) with a price target of INR 2,735/sh is premised on (1) recovery in the O2C businesses
344 Views