Nuvama sees Reliance Q2 EBITDA up 17% on refining strength
In short
Reliance Industries is expected to post 17% EBITDA growth in Q2FY27 to Rs 53,700 crore, according to Nuvama Research. The forecast is based on stronger refining margins and higher throughput, and it also points to New Energy as a future driver.
Nuvama keeps a Buy rating and a Rs 1,766 target price. The company’s actual quarter result is not given in the available reporting.
What the reporting says
Reliance Industries is expected to report 17% year-on-year EBITDA growth in Q2FY27 to Rs 53,700 crore, led by stronger refining margins and higher throughput, according to Nuvama Research. The summary says the O2C business should drive near-term earnings, while New Energy may become a future growth engine with EBITDA projected at Rs 20,100 crore by FY30. Nuvama keeps a Buy rating and a Rs 1,766 target price, but the actual result is not yet reported.
Why it matters
The publisher summary says Reliance Industries may see stronger Q2FY27 EBITDA, mainly from the O2C business, with New Energy also seen as a longer-term growth area. Nuvama’s Buy rating and Rs 1,766 target price indicate a positive analyst view. The report is a forecast, not a result, so the actual earnings outcome and any management commentary remain unknown.