Reliance reports strong Q1 results with Jio IPO on the horizon
after close1 source ↓written by the desknot a recommendation
- in consolidated net
- 6% rise
- net profit
- ₹23,196 cr
- with revenue
- 24%
- ₹3.4 lakh cr
- and EBITDA rising
- 9%
Reliance Industries reported a 6% rise in consolidated net profit to ₹23,196 cr, with revenue up 24% to over ₹3.4 lakh cr. Jio was a key growth driver, with profit increasing over 9% and EBITDA rising 15%. The anticipated Jio IPO could be a significant trigger for the stock, suggesting potential value unlocking in the telecom sector.
Not investment advice. For informational purposes only.