Reliance Industries Profit Misses Estimates

Key takeaways from the earnings. OK, so to start on a happy note, India’s most valuable company, private valuable company had crossed, you know 10,00,000 crore rupees of consolidated annual revenue point #1 and but interestingly, it has reported lower than expected profits thanks to one time tax outgo and weak performance despite their consumer facing business had was demonstrated. A good fight, but then those things would, you know, upset that, you know, they had offset the gains. Run by consumer facing business and point #3 if you carefully see, Chairman Mukesh Ambani has made a statement that the downstream business is being challenging. It has never seen that kind of challenging environment in FI 24 and post earnings call CFOs where Vishrikanth also said that the pet can businesses like multi decade low. And the last point interesting point is like the CapEx for the Reliance industry was all time low. Which is also sending some kind of a shocker triggers to, you know, Indian banking system as well. And they’ve been meeting all this CapEx via their cash profits and cash equivalents. These are the key takeaways of Reliance Industries led by billionaire Mukesh Ambani. So Sanjay, what are the prospects for a turn around? What are the areas we should be looking out for in the coming quarters? There’s an interesting question. So one could be like one should keep watching or like what is kind of a price gain, a revised target by analyst. They would be now with this service as with this one full year this has gone. They would be now going heading for a revision of price targets considering the upside of O2C business incoming quarters. That’s one. Number two, analysts are keenly waiting after Indian general elections. They are waiting for a tariff hike which is much awaited which will have a positive impact on. The Reliance Jio Infocomm on its ARPU as well. So that that’s the second thing they would be waiting. And a third thing very interesting would be the opening of Giga Factors, the second-half of this calendar year that will have a huge boost towards a green energy division of Reliance and Reliance Chairman Mukesh Sherman has clearly stated that they are going to bolster the investment green energy. These are the prospects what one would keenly watching on Reliance Industries as of now.