RIL Q3 shows better than expected: Abhijeet Bora, Sharekhan
ET Now: What did you take away from the third quarter results?
Operating performance in all segments appears solid. O2C plus Oil & Gas EBITDA is higher than what the street was working with. So this is a better result than expected. The increase in ARPU was expected at 4% QoQ, but it amounted to 6% QoQ. Again, this is slightly better than the street expected. Now the only thing is in retail we need to verify investment income. Even Jio’s numbers are around 3-4% on the EBITDA front compared to street expectations and our expectations.
How do you see the stock reacting when we open trading on Monday based on that kind of performance?
Clearly, this is a better than expected performance when looking at the numbers. Overall, we see comments from the retail side given the third wave of COVID would be watched closely by every analyst. A potential direction or indication on rising rates would be another important point to watch. Those numbers are really solid and commentary will be watched for a reaction on Monday. There would be a positive reaction if the commentary was positive on both fronts.