Reliance Q1 profit up 6% to ₹23,196 cr as Jio's IPO buzz builds
RIL's net profit rose 6% YoY to ₹23,196 crore on 24% revenue growth to ₹3.4 lakh crore, with Jio EBITDA up 15% and ARPU at ₹215. Analysts flag a potential Jio IPO as the next major re-rating trigger for the stock over the next 12-15 months.
Reliance Industries Q1 net profit rose 6% to ₹23,196 crore, revenue up 24%; Jio's growth and upcoming IPO seen as key stock trigger for the conglomerate.