Oils-to-telecom conglomerate Reliance Industries, India’s largest listed firm by market cap, announced its Q1 results. [This story is being updated]
Analysts across the board expected all key segments of the conglomerate to see broad-based recovery, with a 15 to 16 per cent year-on-year jump in consolidated EBITDA oclose to ₹45,000 crore, with Jio inching closer to ₹17,900 crore in EBITDA (up 18-19 per cent yea-on-year). Howeverm they expected the Oil-to-Chemicals (O2C) segment to have muted quaterly growth due to maintenance costs/disruptions.
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