RIL results beat street estimates; retail segment reports highest ever quarterly EBITDA

Reliance recently dropped out their results of Q3FY21 and following were the highlights:

1) There was seen a strong sequential rebound across all business

2) Reliance reported the highest ever PAT before exceptional items at Rs 15,015 crore

3)They recorded a consolidated EBITDA before exceptional items at Rs 26,094 crore

4)The quarterly EBITDA for digital services was seen at Rs 8,942 crore 

5)There was reported highest ever quarterly EBITDA for retail segment at Rs 3,102 crore

6)Reliance Industries and BP, a British multinational oil and gas company headquartered in London, England joined hands for commencement of production from R cluster, ultra-deep water gas field in block KGD6 off the east coast of India.

7)Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL) completed the capital raise of ₹ 47,265 crore for 10.09% equity stake. This is the largest fund raise in the sector.

Reliance Industries Limited is an India-based company, which operates in the Refining, Petrochemicals, Oil and Gas, Organised Retail, Digital Services and Financial Services segments

On Friday, Reliance shares were trading at Rs 2,049.60 before announcing the results at the market close,which is down by 2.37 per cent on BSE.