Q4FY22 Preview: Reliance Industries: Revenue seen at Rs2,11,835 crore, PAT at Rs21,778 crore

4 May 2022 , 01:45 PM

Result date: 6^th May, 2022
Recommendation: Buy
Target price: Rs2,758
Source: IIFL Research

Reliance Industries (RIL) is set to post good set of results for the March 2022 quarter. Strong show by Jio, Reliance Retail and O2C business could fuel 36.8% growth in consolidated revenue over the year-ago quarter. A key highlight will be robust store addition by Reliance Retail, which could also witness revenue contribution from recent acquisitions and easing of the pandemic situation.

EBITDA growth of 66.3% over the year-ago quarter could be largely driven by O2C and digital service businesses. E&P EBITDA could jump 199.3% year-on-year amid improving realization and output.

Important management insights to watch out for:

• Outlook on demand across all segments and markets
• Details of succession plan

 

Rs Crore	March 2022 estimates	YoY change	QoQ change
Revenue	2,11,835	36.8%	10.7%
EBITDA	38,827	66.3%	30.7%
Profit After Tax	21,778	64.6%	17.4%

Source: Brokerage reports