Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund

Jio cushions the Covid impact on RIL’s June quarter results

A combination of the work from home culture due to Covid-19, strong traction of JioGigaFiber services and tariff hikes propelled Jio's growth

July 31, 2020 / 07:23 AM IST
Jio cushions the Covid impact on RIL’s June quarter results

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Amidst a challenging operating environment, Reliance Industries (RIL) (CMP: Rs 2,108; Mcap: Rs 14,25,836 crore) reported mixed results for the June 2020 quarter. As expected, the Petchem, Refining and Retail segments posted a weak performance, with a dip in revenue and margins. A sharp plunge in oil prices, lower demand due to Covid-related disruptions and the lockdowns hurt these businesses. However, Jio continued to beat expectations. It saw strong topline growth and significant margin expansion in Q1 FY21. A combination of...

  • PRO Panorama

    Moneycontrol Pro Panorama | Will the MPC signal a pause? 

    Feb 6, 2023 / 03:05 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Market outlook for automakers gets a lift, will GST Council come up with wider ...

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender: The elephant in the room

    Feb 4, 2023 / 11:20 AM IST

    The well-crafted and well-delivered budget got many ‘wows’, but Mr Market’s worry lines are not yet gone

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers