
Result date: 20th January, 2023
Recommendation: Buy
Target price: Rs2,914
Reliance Industries (RIL) could witness weak performance in its O2C business, which could be offset by healthy show of the consumer facing businesses – Jio and Retail. Analysts at IIFL Securities expect RIL’s consolidated earnings to grow 15% sequentially, on the back of:
As compared to the year-ago quarter however, Profit After Tax (PAT) will fall 16%.
Important management insights to watch out for:
Rs Million | December 2022 estimates |
Sales | 2,415,578 |
EBITDA | 351,961 |
PAT | 156,635 |
Source: IIFL Research
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