What will analysts recommend after RIL posts better than estimated quarterly earnings?
RIL has reported a consolidated net profit of Rs 19,299 crore ($2.58 billion) in Q4FY2023, up 19% YoY, mainly due to higher other income and lower taxes. However, revenue grew only 2% YoY to Rs 2.16 lakh crore ($28.86 billion), slightly lower than the estimated Rs 2.22 lakh crore ($29.63 billion). Highlighting its potential, the company gave a positive outlook across the oil, gas, retail, and telecom segments.
