Stock reaction: RIL plunges nearly 3 percent post subdued earnings

Jan 22, 2021

By: Navdeep Yadav

Nearly $7 billion wiped out in the first 30 mins of trade on Monday.

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Standalone profit after tax grew 20 percent, less than the JPMorgan estimate of 32 percent

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Reliance Retail’s revenue was down 18.6 percent but profit was up 13 percent, year on year

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Customer addition by Jio in Q3 was 5.2 million, the lowest for the company in last 7 quarters

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The average revenue per user for Reliance Jio increased to ₹151 from ₹145

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Reliance Jio’s profit grew 15 percent despite the discounts offered to lure customers

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Petrochemical revenue was down 50 percent but profit was up 20 percent, year on year

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RIL said that order in its new commerce vertical was up 12x year-on-year

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