RIL Q2 profit outlook lifts on O2C recovery
In short
Reliance Industries is expected to report 15% to 17% EBITDA growth for the September quarter. The outlook is being helped by a stronger oil-to-chemicals business, better refining margins and higher throughput.
This matters because investors will watch whether RIL’s O2C, Jio and retail businesses meet expectations. The actual results have not been stated yet.
What the reporting says
Reliance Industries is expected to post 15% to 17% year-on-year EBITDA growth for the September quarter, driven by a sharp recovery in its oil-to-chemicals business. Brokerages cited stronger refining margins, higher throughput and a weaker rupee as offsets to subdued retail and oil and gas performance. Investors will focus on O2C profitability, Jio Platforms earnings and retail margins when RIL announces results. The actual reported numbers are still unknown.
Why it matters
Reliance Industries is expected to report 15% to 17% year-on-year EBITDA growth in the September quarter, according to brokerages. The driver is a recovery in oil-to-chemicals, helped by stronger refining margins, higher throughput and a weaker rupee. Retail and oil and gas are said to be softer. Investors are waiting for the reported O2C profitability, Jio Platforms earnings and retail margins, but the published results are not included here.