Q1FY23 Preview: Reliance Industries: Revenues seen at Rs2,275 billion, PAT at Rs234 billion

21 Jul 2022 , 12:24 PM

Result date: 22^nd 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:

• Further clarity on the Rs750 billion announcement in the new energy business
• Update on growth in Retail store additions
• Further pricing action in telecom

Rs. billion	June 2022 estimates	YoY change
Revenue	2,275	62.6%
Profit After Tax	234	84.2%

Source: Brokerage reports