Accumulate Reliance Industries; target of Rs 1094: PL India

Prabhudas Lilladher has recommended accumulate rating on Reliance Industries with a target price of Rs 1094 in its research report dated January 17, 2017.

January 19, 2017 / 16:00 IST

26 Aug, 2025 12:21

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Prabhudas Lilladher's research report on Reliance Industries

RIL reported highest quarterly profits in Q3FY17. Results were in‐line with estimates; Standalone EBITDA of Rs106bn (PLe: Rs 108.8bn), PAT of Rs 80.2bn (PLe: Rs 79.3bn). Healthy performance was supported by healthy refining and petrochemicals division along with higher other income from investment sale.

Outlook

RIL project has seen some delays and other 2 phases of Paraxylene project will be commissioned in Q4FY17, the offgas cracker in Q1FY18 and the petcoke gasification project’s full mechanical completion is expected by Q1FY18 end. We maintain our earningss; Reiterate “Accumulate” with a PT of Rs 1,094.

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first published: Jan 19, 2017 04:00 pm

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