Reliance Q3 Results
Slight beat in Reliance O2C encouraging; retail numbers good: Naveen Kulkarni
Naveen Kulkarni of Axis Securities PMS says Jio's earnings look good overall, with a slight beat in the O2C business and strong subscriber additions. However, the ARPU number was slightly lower than expected, indicating a need for tariff hikes to improve average revenue per user. The timing of such hikes remains uncertain. In terms of stock expectations, there is a significant upgrade in Jio's earnings, but it is difficult to determine the impact on the market in the short term.
Reliance Industries Q3 Results: Cons PAT rises 9% YoY to Rs 17,265 crore, tops estimates
Reliance Q3 Results: The profit figure was higher than an ETNow poll of Rs 16,944 crore. Consolidated revenue from operations rose 3.6% YoY to Rs 2.28 lakh crore, a tad lower than the estimated Rs 2.36 lakh crore. EBITDA grew nearly 17% YoY to Rs 44,678 crore, led by growth across all business segments.
RIL Q3 Results: Profit slumps 15% YoY to Rs 15,792 crore, misses estimates
RIL’s consolidated operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), rose 13.5% on year to Rs 38,460 crore. This is higher than ET Now poll of Rs 33,742 crore.
Expect Reliance to beat or meet Street estimates in Q3: Sanjiv Bhasin
“I would expect very strong numbers and even the guidance being stronger given that GRMs are near a seven-year high. Secondly, their petchem margins will get compensated because of their gas division. All in all, Reliance numbers should beat or meet the Street estimates for today.”
2 triggers that can give Reliance stock 15-20% upside within a year
The outlook on each of the businesses is improving and that has led to a marginal upgrade in EPS estimation for FY21, FY22 and FY23, says Harshvardhan Dole.
Probal Sen on what to expect from Reliance in Q3
Petchem margins probably would be 12-13% higher Q-o-Q. Jio probably is more of a steady state story with 6-7 million subscribers.
What drove RIL’s record quarterly show: Key highlights of Q3 earnings
Reliance Jio's Q3 profit surged 62% YoY to Rs 1,350 crore, while Arpu fell to Rs 128.40.
Reliance Q3 results preview: Profit may jump 10-14%; GRM seen at $9.2-9.6
Edelweiss expects Reliance to report 11.6% jump in consolidated profit at Rs 11,400 crore.
