Reliance Industries growth to shift from O2C to new energy by FY28
The company's O2C segment saw Ebitda per tonne rise 68 per cent year-on-year in the September quarter.
Reliance Industries Ltd reported a 23 per cent year-on-year increase in consolidated Ebitda to ₹ 56,616 crore for the September quarter, according to a Mint report.
The oil-to-chemicals (O2C) segment drove this growth, with Ebitda per tonne rising 68 per cent year-on-year and 28 per cent quarter-on-quarter to ₹ 13,924.
Management expects the second half of FY27 for O2C to be as strong as the first half, with an estimated annual Ebitda of ₹ 80,000 crore.
The company anticipates the new energy segment will take over the growth baton in FY28.
In contrast, the retail business saw revenue remain flat at ₹ 80,220 crore, while its Ebitda margin fell 10 basis points sequentially to 7.34%.
Jio Platforms recorded a 5 per cent quarter-on-quarter increase in Ebitda to ₹ 21,879 crore, while its average revenue per user grew 1 per cent.