“The commentary on the retail side given the third wave of COVID would be keenly watched out by every analyst. Potential guidance or indication on tariff hike would be another important point to watch out for,” said Abhijeet Bora, Oil & Gas Analyst, Sharekhan. Edited excerpts:
ET Now: What has been your key takeaway from Q3 results?
The operational performance across segments seems strong. The O2C plus oil and gas EBITDA is more than what the Street was working with. So, it is a better than expected result. ARPU increase was expected at 4% QoQ but it came at 6% QoQ. Again, it is slightly better than what the Street was expecting. Now, the only thing is in the retail business we need to check out the investment income. Even Jio numbers there is around 3-4% beat on the EBITDA front versus the street expectation and our expectation.
ET Now: What has been your key takeaway from Q3 results?
The operational performance across segments seems strong. The O2C plus oil and gas EBITDA is more than what the Street was working with. So, it is a better than expected result. ARPU increase was expected at 4% QoQ but it came at 6% QoQ. Again, it is slightly better than what the Street was expecting. Now, the only thing is in the retail business we need to check out the investment income. Even Jio numbers there is around 3-4% beat on the EBITDA front versus the street expectation and our expectation.
How do you see the stock reacting when we open for trade on Monday based on this kind of performance?
Clearly, it is a better-than-expected performance when we look at the numbers. Overall, we see that commentary on the retail side given the third wave of COVID would be keenly watched out by every analyst. Potential guidance or indication on tariff hike would be another important point to watch out for. These numbers are really strong and the commentary will be watched out for a reaction on Monday. There would be a positive reaction if the commentary is positive on these two fronts.
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