RIL Q4 -- strong show across new-age businesses

There’s scope for re-rating as the conglomerate’s current valuation implies near-zero value for the new energy business and little upside from the growing consumer business

Nitin Agrawal
Bharat Gianani
Nitin Sharma
April 22, 2023 / 07:34 AM IST
RIL Q4 -- strong show across new-age businesses

The Jio vertical continued to outperform as the business delivered yet another quarter of sequential revenue growth in Q4

PRO Only Highlights
-  Quarterly performance largely backed by improved realisations
-  Medium-term triggers China plus and protectionist measures for tyre industry
-  Valuations not inexpensive; but improved medium-term outlook

Nitin Agrawal | Nitin Sharma | Bharat Gianani | Sachin Pal | Neha Dave  Highlights Capex intensity continues to inch up Muted performance in O2C segment Jio ended the year on a solid note Retail continues to scale up well Foray into financial services can help leverage telecom and retail’s huge customer base New-age businesses offer scale and scope and will drive valuation upside Reliance Industries (RIL) (CMP: Rs 2,349; Mcap: Rs 15,89,169 crore) posted a strong set of earnings for the fourth quarter of 2022-23 (Q4...