Reliance Q1 lifts sentiment as O2C hits four-year EBITDA high and Jio ARPU rises
Reliance Industries reported a stronger Q1, with Oil-to-Chemicals EBITDA at a four-year high and higher Jio ARPU supporting investor sentiment. Analysts see recent share-price weakness as a potential accumulation zone, while a future Jio IPO could unlock value.
Reliance Industries’ Q1 results improved investor sentiment, led by a four-year-high Oil-to-Chemicals EBITDA and higher Jio ARPU. Analysts see the recent share-price weakness as a potential accumulation opportunity, with a future Jio IPO viewed as a value-unlocking catalyst.
Why this matters
The Q1 update follows Jefferies raising Reliance's target despite retail EBITDA cuts, refining-margin tailwinds from supply disruptions, and analyst calls for up to 28% upside tied to a Jio Platforms IPO filing.
retail-company is accelerating, up +996100% QoQ.