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Most brokerages bullish on RIL despite Q4 miss; here's why

While Mukesh Ambani-led RIL posted a 108 per cent year-on-year (YoY) rise in profit after tax for the fourth quarter of FY21 at Rs 13,227 crore, it fell short of Bloomberg estimates of Rs 13,704 crore

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Saloni Goel New Delhi

6 min read Last Updated : May 03 2021 | 11:35 PM IST

Shares of Reliance Industries (RIL) dipped 2.5 per cent in Monday's session as the oil-to-telecom conglomerate missed Street's estimates when it posted its March quarter results on Friday, leading to selling in the stock.

While Mukesh Ambani-led RIL posted a 108 per cent year-on-year (YoY) rise in profit after tax for the fourth quarter of FY21 at Rs 13,227 crore, it fell short of Bloomberg estimates of Rs 13,704 crore.

The oil-to-telecom conglomerate's revenue from operations rose 11 per cent YoY to Rs 1.54 trillion during the quarter as compared to Rs 1.39 trillion in the year-ago period. Bloomberg analysts

Topics : Reliance Industries Buzzing stocks Markets Q4 Results Reliance Jio Reliance Retail

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