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Reliance Industries posts strong recovery in September quarter

In the coming days, investors should watch out for RIL's rollout of 5G solutions, scale-up of retail business, traction in technological innovations and spin-off of the oil to chemicals (O2C) business

October 31, 2020 / 07:34 PM IST
Reliance Industries posts strong recovery in September quarter

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

Reliance Industries (RIL) (CMP: Rs 2,054; m-cap: Rs 13,89,159 crore) reported a recovery from the previous quarter across businesses. The highlight of the business pack remains Jio which posted a strong set of numbers on the back of pandemic related tailwinds. It witnessed strong topline growth and a significant margin expansion in the quarter under review. Work from home culture due to COVID-19 and strong traction of JioGigaFiber services are key triggers for the company. With improved demand for crude...

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