RIL's net debt likely to moderate in next few quarters, say analysts

Reliance Industries’ (RIL’s) net debt, which has been on the rise for the last six quarters, could peak in the current financial year amid moderation in capital expenditure (capex), analysts have said. However, any fresh investments in the new energy business would be key for the company’s debt numbers, they added.

RIL’s consolidated net debt stood at Rs 1.27 trillion as of the June 2023 quarter, up marginally on a sequential basis.

“Net debt of Rs 1.27 trillion was flattish, with gross debt also flat vs Mar ’23 levels – suggesting a welcome improvement in operating cash flows and some