21 Jul 2022 , 12:31 PM
Result date: 22nd July, 2022
Recommendation: Buy
Target price: Rs2,873
Source: IIFL Research
Reliance Industries (RIL) is all set to post a healthy performance for the June 2022 quarter. Higher refining margins, tariff hikes and new store openings could drive performance of the refining, telecom and retail businesses; respectively.
EBITDA will be fueled by healthy traction in the O2C segment.
Profit After Tax (PAT) is pegged at Rs234 billion, a growth of 84% over the year-ago quarter.
Important management insights to watch out for:
Rs. billion | June 2022 estimates | YoY change |
Revenue | 2,275 | 62.6% |
Profit After Tax | 234 | 84.2% |
Source: Brokerage reports
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