Jio and retail continue to power RIL’s consumer side of business

Refining is set to be a bumper business in this quarter largely because of better output and better realisation, says Deven R Choksey, MD, KR Choksey Investment Managers.

RIL’s refining and petrochemicals together will be reported as one entity now. How will the market take this reporting change and how will they really analyse the numbers from here on?
This is not new. In fact, they will definitely be reporting the OTC business separately; so refining and petrochemicals would remain part of their OTC business and that will get reported. So that is not a problem. Ultimately, all of them including Jio, retail, media are being consolidated into Reliance’s balance sheet. At the end of the day, we will have to look at the consolidated numbers, which in any case would be much better in this quarter particularly as far as the business is concerned.