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As shares of Gautam Adani’s conglomerate recover from an epic rout, the big question looming over the Indian tycoon is whether he can convince investors and lenders to back his capital-hungry businesses with fresh cash. ....
In Q4FY23, the Mukesh Ambani-backed RIL earned the highest ever quarterly profits driven by strong operating performance of mainstay O2C business, optimised feedstock cost, and supportive product margins. The retail and telecom arm also witnessed stable growth. ....
During Q4FY23, Ambani s oil-to-energy empire registered a PAT of ₹19,299 crore up by 19.11% YoY and 22.21% QoQ. EBITDA came in at ₹41,389 crore up by 21.8% YoY. O2C business reported a record EBITDA of ₹16,293 crore in Q4FY23 surging by 14.4%. ....
The oil-to-telecom empire posts consolidated PAT of ₹19,299 crore, up by 19.11% from ₹16,203 crore in Q4Y22. The growth was at a higher pace by 22.21% from ₹15,792 crore in Q3FY23. The PAT was driven by robust operating profit in 02C business. ....
Mukesh Ambani's Aggressive Summer Sale: How Reliance Plans To Win Big In The Coming Months outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.