INSUBCONTINENT EXCLUSIVE:
Despite the weak performance in its refining and petrochemical businesses, most brokerages have maintained their rating and price targets on
rise in net profit in the third-quarter of 2019-20, boosted by a robust performance of its consumer facing businesses which offset the
impact of lower price realisation from petrochemical and refining business that led to a 1.4 per cent decline in revenue.
Of the 26
brokerage reports ET studied, eight have increased the price targets on RIL shares while six reduced it after the earnings
has not yet troughed, with spot margins further lower vs 3QFY20, and the polymer market undergoing a structural change
On refining, IMO 2020 benefits are not yet visible for Marine Gas Oil (MGO) due to initial demand being captured by Very Low Sulphur Fuel
business looks well placed to benefit from the sheer scale, in our view
Jio EBITDA was up 8 per cent q-o-q to Rs 56 billion
outstanding debt on December 31, 2019 had risen to Rs 306,851 crore as against Rs 287,505 crore at the end of March last year, the company
But cash and cash equivalents rose to Rs 153,719 crore from Rs 133,027 crore over the same period, implying a fall in net debt
The company said it is sticking to its target to be next debt free by March 2021
