Reliance Q1: O2C hits four-year-high EBITDA of ₹17,010 crore; Retail, Jio post double-digit growth
Reliance Industries' O2C segment delivered a four-year-high EBITDA of ₹17,010 crore on revenue of ₹2.02 lakh crore, aided by an 79.1% QoQ jump in PE spreads. Retail and Digital Services logged double-digit revenue growth, Jio-bp expanded to 2,221 fuel outlets with petrol sales up 16.8% YoY, and the company flagged a proposed Jio IPO.
Reliance Industries Q1: O2C posts four-year-high EBITDA of ₹17,010 crore. Company notes Retail and Digital Services delivered double-digit revenue growth, Jio-bp network expanded to 2,221 outlets, and flags proposed Jio IPO.