This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The current state of the stock market is steady, with Grasim, HDFC Bank, and Dr. Reddy’s Laboratories leading in gains. EBITDA has decreased by 9 percent compared to the previous quarter, aligning with expectations. O2C and Jio performance met expectations, while retail underperformed due to slow growth, and upstream exceeded expectations. Jio is expected to see strong growth after a tariff increase, while the outlook for O2C profitability in CY24 remains subdued. Capital expenditure has risen compared to the previous quarter but is still below the FY24 run rate, and net debt has decreased.
Stock Market Performance
The stock market is currently in a steady state, with notable gains from Grasim, HDFC Bank, and Dr. Reddy’s Laboratories.
EBITDA has decreased by 9 percent compared to the previous quarter, in line with expectations.
Business Segment Performance
O2C and Jio performance have met expectations, while retail underperformed due to slow growth, and upstream exceeded expectations.
- Jio is expected to experience strong growth after a tariff increase.
- The outlook for O2C profitability in CY24 remains subdued.
Financial Indicators
Capital expenditure has risen compared to the previous quarter but is still below the FY24 run rate, and net debt has decreased.
📎 Read the original article on moneycontrol.com
