Deven Choksey decodes Reliance’s ‘better-than-expected’ earnings in Q4

Reliance Industries reported a 19% YoY jump in Q4 profit to Rs 19,299 crore ($2.5bn), with the group's digital unit, Jio, benefiting from a 13% rise in net profit to Rs 4,716 crore for the quarter, above estimates. Similarly, consolidated revenue grew by 2% YoY to Rs 2.16 lakh crore. Meanwhile, Reliance Retail saw a 13% increase in net profit for Q1 2021 on a yearly basis, to Rs 2,415 crore. The expansion in margins rose to almost 18%, surpassing a previously estimated 16.5%.

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