Brokerages gave thumbs up to RIL 3Q FY25 results
The Sunday Guardian
|January 19, 2025
Reliance Industries Ltd.(RIL) delivered a robust performance in the third quarter of FY25, with analysts across major financial institutions highlighting better-than-expected strong recovery in its Retail and Oil-to-Chemicals (02C) businesses.
Consolidated EBITDA stood at Rs 438 billion, up 12.1 per cent sequentially and 7.7 per cent year-onyear, surpassing consensus estimates by 5 per cent.
Retail recovery signals resilience, Jefferies noted that the resurgence of growth in Reliance Retail indicates that the worst may be over. The segment's performance exceeded expectations, with pilot initiatives like express deliveries across 4,000 pin codes showing promise.
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