Indian Mobile Q4 FY24 review: Faster trends; Vodafone raises money finally
India’s mobile sector quickened its topline pace to 10% YoY, led by better net additions and a sustained MSD ARPU trend. EBITDA margins continue to rise while capex is set to moderate for both Bharti and Jio. On the other hand, Vodafone has guided to spend between INR 500bn and 550bn on network expansion over the next three years after finally raising new equity.
Reliance Industries is primarily engaged in the production and market of petrochemical products, and refinery and retail of petroleum and LPG. Co.'s petrochemical products include polymer - polypropylene (PP), polyethylene (PE), poly vinyl chloride (PVC); polyester - polyester filament yarn (PFY), polyester staple fiber (PSF), polyethylene terephthalate (PET); polyester intermediates - paraxylene (PX), purified terephthalic acid (PTA), mono-ethylene glycol (MEG); and cracker products - ethylene, propylene and aromatics. Co. is also engaged in the manufacture of RELAB and textiles. Co.'s textile products are sold under the brand names: Only Vimal, Harmony, Reance, RueRel and V2.
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