Analysts said that Reliance s balance sheet remains strong but growth in retail and oil-to-chemical businesses is expected to be muted in the short term, but the company s digital services led by Jio could be a key driver.
RIL Q1 results: Elara Securities expects RIL to report a 6 per cent YoY Ebitda growth, led by a 3 per cent Ebitda growth in retail and 12 per cent Ebitda growth in digital services (telecom), though partly offset by standalone Ebitda (primarily Q2C).
RIL Q1 results: Nomura India sees Jio’s Ebitda to rise 3.5 per cent sequentially to Rs 12,600 crore driven by strong subscriber additions of 75 lakh and a modest increase in average revenue per user (ARPU) to Rs 181.50.