Reliance Q1 Profit Seen Up 31%

  Published 1 year ago

Analysts expect Reliance Q1 profit to jump 31% YoY, with 4% revenue growth driven by Jio and retail segments.

  • Jio’s average revenue per user is likely up 2% QoQ, fueling 3% revenue growth, says top-rated Centrum analyst.
  • ICICI Securities sees strong retail earnings, though upstream oil may drag due to lower output and profit share.
  • Stock down 0.4% today; YTD, Reliance up 14%, outperforming Nifty 50’s 6% rise.

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