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RIL Q2 Earnings: Retail business EBITDA to grow at 80-100%, says Elara Capital

Updated : October 18, 2019 02:59 PM IST

Oil-to-telecom conglomerate Reliance Industries (RIL) is all set to announce its second-quarter results today. The stock is up 25 percent from the August lows. Also, it is less than 3 percent away from a 52-week high. The September quarter is expected to be very good for the company.

Elara Capital expects the retail business to grow at a rate of 80 to 100 percent. “For retail, I expect 80-100 percent growth rate that they maintain in EBITDA and Jio around 35 percent YoY growth," Gagan Dixit, oil & gas analyst, Elara Capital, told CNBC-TV18.

“There is some weakening in petchem and that’s impacting some growth. However, the non-oil business growth will continue,” he added.

He further said that Jio Fiber can add Rs 140 per share to RIL valuation over 3 years.


Disclosure: Reliance Industries, the parent company of Reliance Jio, owns Network 18 that publishes CNBCTV18.com.

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