April 18, 2024

A key structural driver of RIL’s development is its strategic give attention to increasing 5G companies, having secured the biggest spectrum within the 5G area amongst all gamers

PRO Solely Highlights
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Quarterly efficiency largely backed by improved realisations
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Medium-term triggers China plus and protectionist measures for tyre trade
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Valuations not cheap; however improved medium-term outlook

Nitin Agrawal | Nitin Sharma | Bharat Gianani | Sachin Pal

Highlights

Jio added over 11 million subscribers in Q3 FY24
Retail section is including new manufacturers and choices to its portfolio
Oil & Gasoline section posted its highest ever quarterly EBITDA
Deliberate upkeep and shutdown impacted the O2C enterprise
Capex spends have been round Rs 30,000 crore

Reliance Industries (RIL) reported spectacular leads to the quarter ended December 2023, pushed by sturdy operational efficiency throughout its key enterprise verticals. Beneficial market dynamics and sturdy shopper sentiments…