{"id":381874,"date":"2020-11-03T08:48:20","date_gmt":"2020-11-03T03:18:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381874"},"modified":"2020-11-03T09:43:38","modified_gmt":"2020-11-03T04:13:38","slug":"reliance-ebitda-improves-on-rebound-balance-sheet-strengthened-moodys","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-ebitda-improves-on-rebound-balance-sheet-strengthened-moodys\/","title":{"rendered":"Reliance EBITDA improves on rebound; balance sheet strengthened: Moody&#8217;s"},"content":{"rendered":"<p>Oil-to-telecom-to-retail conglomerate Reliance Industries has shown improvement in pre-tax profits in the September quarter as the Indian economy rebounded and the firm&#8217;s asset monetisation strengthened balance sheet, Moody&#8217;s Investors Service said on Monday.<\/p>\n<p>Reliance Industries has reported a 7.9 per cent EBITDA growth for the July-September quarter compared with the preceding three months.<\/p>\n<p>&#8220;Strong performance in digital services, and earnings recovery in the petrochemical and retail segments underpinned the improvement in consolidated earnings, a credit positive,&#8221; Moody&#8217;s said in a note.<\/p>\n<p>Stating that the firm&#8217;s earnings are expected to gradually recover to pre-pandemic levels, the rating agency said RIL&#8217;s credit metrics will remain strongly positioned for its Baa2 rating because of its zero net debt status on a reported basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil-to-telecom-to-retail conglomerate Reliance Industries has shown improvement in pre-tax profits in the September quarter as the Indian economy rebounded and the firm&#8217;s asset monetisation strengthened balance sheet, Moody&#8217;s Investors Service said on Monday. Reliance Industries has reported a 7.9 per cent EBITDA growth for the July-September quarter compared with the preceding three months. &#8220;Strong performance in digital services, and earnings recovery in the petrochemical and retail segments underpinned the improvement in consolidated earnings, a credit positive,&#8221; Moody&#8217;s said in a note. Stating that the firm&#8217;s earnings are expected to gradually recover to pre-pandemic levels, the rating agency said RIL&#8217;s credit [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-381874","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381874"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381874\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}