Energy business powers RIL: Q4 beat and outlook positive for stock
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2023-04-23 16:30
Energy business powers RIL: Q4 beat and outlook positive for stock
Ram Prasad Sahu Your browser does not support the audio element. 1x Led by the energy vertical, the country's largest listed firm by value, Reliance Industries (RIL), beat Street's estimates for the second consecutive quarter. Even as the operating performance of the retail segment was somewhat below estimates and the telecommunications (telecom) business (Reliance Jio) was broadly in line, it was the 20 per cent sequential growth in the oil-to-chemicals (O2C) space that helped the company offset the miss in the consumer business.

https://www.business-standard.com/markets/news/q4-performance-beat-outlook-positive-for-reliance-industries-stock-123042300529_1.html

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