February 21, 2024

A key structural driver of RIL’s growth is its strategic focus on expanding 5G services, having secured the largest spectrum in the 5G space among all players

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

Nitin Agrawal | Nitin Sharma | Bharat Gianani | Sachin Pal

Highlights

Jio added over 11 million subscribers in Q3 FY24
Retail segment is adding new brands and offerings to its portfolio
Oil & Gas segment posted its highest ever quarterly EBITDA
Planned maintenance and shutdown impacted the O2C business
Capex spends were around Rs 30,000 crore

Reliance Industries (RIL) reported impressive results in the quarter ended December 2023, driven by strong operational performance across its key business verticals. Favourable market dynamics and robust consumer sentiments…