Reliance shares rose 1.5% on record Q1 profit and EBITDA. Oil-to-chemicals and telecom drove growth, but the prior-year one-time gain skews the comparison. The next quarter will test underlying momentum.
Alpha Score of 43 reflects weak overall profile with moderate momentum, weak value, weak quality. Based on 3 of 4 signals — score is capped at 90 until remaining data ingests.
Reliance Industries shares rose 1.48% on the BSE to Rs 1,346.25 on Monday after the conglomerate reported a record quarterly core profit. On the NSE, the stock gained 1.40% to Rs 1,345.90.
Revenue climbed 25.4% from a year earlier to Rs 3.12 lakh crore, the company said in a statement Friday. Recurring EBITDA, which strips out a one-time Rs 8,924 crore gain from the sale of listed investments in the year-ago quarter, rose 10.1% to a record Rs 54,067 crore. Profit after tax on that basis increased 6.1% to a record Rs 23,196 crore.
Including the one-time gain, EBITDA fell 6.8% and profit attributable to owners dropped 22% to Rs 20,946 crore. The comparison highlights the impact of the prior-year exceptional item, even as underlying operations strengthened.
The results came during a quarter of elevated crude prices following the Iran war. Supply chain disruptions led Reliance to raise LPG production by diverting streams from value-added petrochemicals. Core earnings in the oil-to-chemicals business, which includes the company's twin refineries and petrochemical plants, rose 17.2% from a year earlier.
The telecom business, with a 533 million subscriber base, continued to grow. Core earnings in that segment increased 15.1%, supported by revenue from technology investments.
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