Reliance Industries Ltd. share price target

The earlier commissioned Refinery Off-Gas Cracker uses refinery off-gases as feedstock, which is being used for energy/utilities in the Jamnagar complex. The further expansions increased the energy/utilities demand for which the petcoke gasifiers were constructed. The energy demand of the Jamnagar complex is currently being met through fossil fuels including syngas from the gasifiers. The company intends to replace this progressively using a basket of renewables including solar, biomass, and hydrogen and also by changing steam drives to electric drives....

Strategic investments and partnerships across all business segments, leading position in digital services platform and Omni channel retail strategy will drive future growth. Recovery in global oil and energy markets will aid stronger fuel margins. Hence, we reiterate our BUY rating on the stock with a revised TP of Rs. 2,758 based on SOTP. Record quarterly topline across business segments RIL reported its all-time high quarterly revenue of Rs. 191,271cr in Q3FY22 (+54.3% YoY,+9.9% QoQ), driven by strong contribution across all businesses. Oil to Chemicals...

Q3 results a mixed bag retail and oil & gas performed well but digital services and O2C delivered muted sequential growth

crore (accounting for 1.10% of total sales). Sales of Digital Services segment has gone up 6.43% to Rs 25,200.00 crore (accounting for 10.80% of total sales). Sales of Financial services segment has gone down 5.86% to Rs 611.00 crore (accounting for 0.26% of total sales). Sales of Oil to Chemicals (02C) segment has gone up 56.76% to Rs 1,31,427.00 crore (accounting for 56.32% of total sales). Sales of Retail segment has gone up 52.45% to Rs 57,717.00 crore...

Reliance Industries (RIL)'s 3QFY22 consolidated revenue/EBITDA was up 57%/38% YoY (in-line), and standalone EBITDA grew 60%. RJio's EBITDA was in-line (up 17% YoY, 6% QoQ), while Retail EBITDA recovered by 24% YoY (inline). RJio's revenue/EBITDA growth was aided by the partial benefit of tariff hikes, which were up 3%/6% QoQ (in-line), and drove ARPUs higher by 6%. This was partly offset by a second consecutive quarter of net subscriber decline of 8.5m. The EBITDA margin improved 120bp sequentially to 49.2%. Reliance Retail's net revenues were up 53% YoY (4% beat) and 25% above...

gas to oil switch (Singapore GRMs at over USD7/bbl vs USD3 in H1) 2) higher gas realization in H2 are at USD6.13/mmbtu (H1 USD3.62) and 3) improving retail profitability trend as pandemic concerns ease. Recent tariff hikes and launch of 4G Jio Phone will accelerate digitization and drive customers to shift from 2G. All round recovery in global economic activity augurs well for all RIL's business segments and we believe RIL is well positioned to incubate new business and pursue inorganic opportunities with its liquid BS. Maintain...

On a consolidated basis, O2C and oil & gas contributed 62% to revenue, while retail, digital and others contributed 28%, 3% and 7%, respectively. At the EBITDA level, O2C and oil & gas contributed 43% while retail, digital...

The Retail segment is seeing strong revival across categories during the festive season, accelerated store adds, and healthy scale in the Digital business these factors should drive sharp growth from 3QFY22. GRMs are weakening amid a worsening COVID situation in Europe. However, the Petrochem segment should offset the impact on the back of good demand and continued delays in upcoming capacities. RIL is trading at EV/EBITDA and P/E of 12x and 19x, respectively, on an FY23E basis. The strong earning levers in the Consumer business should support the stock. Using...

have given RIL an access to latest petrochemicals technologies along with assured crude supplies. RIL has made strong move towards net zero plan by 2035 and plan investment in solar energy, advanced energy storage,...

Company posted robust growth in Q2FY22 revenue of 49.8% YoY to Rs. 174,104cr. The quarter saw robust growth across all consumption baskets led by strong revival in consumer sentiments amid festivities, relaxations in COVID related curbs and vaccinations. Oil to Chemicals business remained the largest contributor to revenue (+58.1% YoY to Rs. 120,475cr, benefited from sharp recovery in demand across products and higher transportation fuel margins). Retail segment grew 15.9% YoY to Rs. 45,450, supported by rapid expansion of both physical stores and digital offerings. Amongst other segments, sharp rise was witnessed in Oil & Gas (+363.1% YoY to Rs....