Reliance Jio commentary to be highlight of RIL's Q4 results on Monday

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Dalal Street will be eyeing management commentary on telecom venture (Reliance Jio) as Reliance Industries reports its March quarter performance on Monday, April 24. Analysts at J P Morgan say that “Reliance should report another strong quarter, though core business has become less relevant from a stock perspective, as all focus is on the telecom segment (RJio).”

Meanwhile, the March quarter performance will still be driven by performance in its core refining and petrochemicals segment as contributions from Telecom venture will only be to the extent of prime membership enrollments.

Analysts estimate quarter ending March to be strongly led by core refining and petrochemicals segment only. Analysts at Jefferies expect Reliance to report further earnings improvement in the quarter with standalone Ebitda up three and five per cent on year-on-year and sequentially basis respectively, helped by better refining and petrochemicals performance.
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