Key Points
Aided by the steady performance of the digital and retail business verticals, Reliance Industries Ltd is expected to see a year-on-year (YoY) growth in earnings for the quarter ended December...
Expect O2C EBITDA to decline 11.7% QoQ to Rs 144 billion due to moderation in GRM to $10/bbl (vs implied GRM of $12.5/bbl in 2QFY24), driven by moderation in diesel cracks and Russian crude discount; further, it was also impacted by lower refining throughput due to maintenance shut down and continued weakness in petchem margin, JM Financial said in its report...
Meanwhile, Kotak Institutional Equities expect Jios EBITDA to increase 3.5% sequentially, driven by 12 million net subscriber addition and a modest increase in the blended ARPU to Rs 183 on rising FTTH contribution...
Retail business, which is the second largest contributor to RILs topline and EBITDA, is also expected to have performed well in the last quarter on the back of higher footfalls at stores and better operating leverage...
JM Financial expects retail business EBITDA to grow by 6.3% sequentially to Rs 62 billion, driven by rising store count and increase in footfalls...
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