RIL Q3 Results

This contributed a little less than 60% of Ebitda; analysts have also been changing their earnings estimates positively for the consumer business

RIL's net profit for October-December 2019 increased by 13.5 per cent to Rs 11,640 crore, beating street estimates

Earnings per share (EPS) stood at Rs 18.4, up 6.1 per cent YoY.

HDFC Securities expects RIL's EBITDA to increase by 4.7 per cent QoQ to Rs 14,300 crore.

Its revenue rose by 56% to Rs 171,336 cr in the third quarter