Reliance earnings lift sentiment as O2C hits four-year EBITDA high
Reliance Industries reported stronger quarterly momentum, with Oil-to-Chemicals EBITDA at a four-year high and improved Jio ARPU. Analysts see an earnings revival and cite a potential Jio IPO as a future value-unlocking catalyst, despite the stock’s double-digit decline this year.
Reliance Industries’ quarterly results lifted investor sentiment, led by Oil-to-Chemicals EBITDA reaching a four-year high and improved Jio ARPU. Analysts see a potential earnings revival, cite a future Jio IPO as a value-unlocking catalyst, and recommend buying the stock on dips.
Why this matters
The result follows a Q1 sentiment lift tied to O2C and Jio ARPU. Jefferies raised its Rs 1,705 target despite trimming retail EBITDA forecasts, while Reliance also flagged stronger refining margins amid crude supply disruptions.
retail-company is accelerating, up 997,200% QoQ.