The country's most valuable company reliance Industries Limited (RIL) is once again back on the path of growth after six months of challenges. The company has given better than expected results in the december quarter. Brokerage companies have said this. The group, which operates in the crude oil to telecom and retail sectors, has recorded its highest pre-tax income (EBITDA) of Rs 43,800 crore in the October-December quarter. These figures show that the group has performed strongly in various business areas. Mainly the company has performed well in the oil-to-chemical (O2C) sector. Apart from this, the company's consumer retail business has also improved.
Morgan Stanley recommended in the note
Morgan Stanley said in a note, "After six months of challenges, reliance is back on the path of growth." The company wants to expand its chemicals capacity focused on the domestic market with investments in the vinyl/polyester chain and ethane import logistics. Morgan Stanley said that demand for chemicals in india remains strong, growing at a rate of five to 16 percent annually.
What HSBC Global Research said?
HSBC Global Research said that it sees several catalysts to drive the group's business in 2025. This includes changes in the retail sector, the start of new energy and new momentum in the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital business. It said, "We believe that the third quarter results have been in line with expectations. This is the last of the results that were slightly lower than expected in the near term. Now we believe that changes in the retail sector, the start of new energy business and the pace of wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital business will prove to be catalysts for the group."
HSBC believes that the company will complete the optimization of its portfolio and products for the retail sector and return to the path of growth. Through its hyperlocal model, the company will move forward in the business of quick supply of groceries. Talking about the new energy business, reliance is expected to start module production and cell business. Along with this, the company will start 5 to 10 GW solar capacity for its own use, increase the production of sodium ion cells and announce hydrogen manufacturing. HSBC said that on the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital front, the company's average earnings per customer (ARPU) will increase due to the increase in the reach of air fiber based broadband. The full impact of the fee hike will be visible by june 2025.
click and follow Indiaherald WhatsApp channel