Reliance Industries - RJio Initiates ~20% Tariff Hike; Boost To The Telecom Sector: Motilal Oswal

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.We expect Reliance Industries Ltd.'s 20% tariff hike would increase average revenue per user by 15% (Rs 206 ARPU in FY25E) since the prices are not increase for all plans.  As a result, we raise our revenue/Ebitda estimates by 11/17% in FY25/FY26. We expect Ebitda of Rs 701 billion/Rs 798 billion. We factor in a CAGR of 17%/23% in revenue/Ebitda during FY24-26. RJio is valued at an enterprise value/Ebitda multiple of 12 times on FY26E Ebitda, thereby arriving at a valuation of Rs 840/share, adjusted for its 66% stake (versus Rs 810/share previously). Based on SoTP, we value the Refining and Petrochemical segment at eight times FY26E EV/Ebitda to arrive at a valuation of Rs 1,029/share for the standalone business. We ascribe an equity valuation of Rs 840/share to RJio, Rs 1,593/share to Reliance Retail and Rs 37/share to the new energy business. Consequently, we reiterate our Buy rating on RIL with a target price of Rs 3,275..Click on the attachment to read the full report:.Reliance Industries - Tariff Hike Of ~20% Largely Inline; Maintain Hold: Systematix.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Reliance Industries - RJio Initiates ~20% Tariff Hike; Boost To The Telecom Sector: Motilal Oswal

RJio first among its peers to initiate a price hike of ~20%; expect 11%/17% increase in revenue/Ebitda

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Reliance Industries - RJio Initiates ~20% Tariff Hike; Boost To The Telecom Sector: Motilal Oswal

RJio first among its peers to initiate a price hike of ~20%; expect 11%/17% increase in revenue/Ebitda

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