Morgan Stanley is bullish on RIL following earnings beat due to robust performance in gas production. The report highlighted RIL’s completion of the 5G rollout as a notable factor.
Reliance Q3 results: Reliance Industries reports decent Q3FY24 numbers with telecom and retail segments contributing significantly to revenue and EBITDA.
Reliance Q3 Results: The profit figure was higher than an ETNow poll of Rs 16,944 crore. Consolidated revenue from operations rose 3.6% YoY to Rs 2.28 lakh crore, a tad lower than the estimated Rs 2.36 lakh crore. EBITDA grew nearly 17% YoY to Rs 44,678 crore, led by growth across all business segments.