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Below is quote on Reliance Industries Q1FY22 result by Mr. Jyoti Roy - DVP- Equity Strategist, Angel Broking Ltd   

Reliance Industries Ltd. (RIL) reported Q4FY21 numbers which were better than expected led by strong growth in the digital and O2C segment. Consolidated revenues for the quarter were up by 58.2% YoY to â‚¹1,44,372 crore. EBIDTA for the quarter was up by 38.5% YoY to ₹23,368 crore while EBIDTA margins contracted by 231bps yoy to 16.2%. Reported net profit for the quarter was down by 7.3% YoY to ₹12,273 crore for the quarter. The O2C business did well during the quarter despite the second Covid wave as segment EBIDTA was up by 49.8% YoY to ₹12,231 crore. The retail segment was impacted by the second Covid wave as revenue from operations and EBIDTA declined by 18.1% and 46.3%% qoq to Rs. 33,566 crore and 1,941 crore respectively. However on a yoy basis revenues and  EBIDTA were up by 21.9% and 79.9% respectively. Jio platforms continued to witness growth with revenues and EBIDTA up by 3.7% ach qoq which translated to annual growth of 9.8% and 21.3% respectively. We expect the stock to react positively to the Q1FY22 numbers given the beat on both revenues and PAT.

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