Business Standard

Result preview: O2C may be a dampener on Reliance Industries earnings

Street will look for updates on new energy biz commissioning schedule

Reliance Industries, RIL
Premium

Amritha Pillay Mumbai

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The consolidated profits of Mukesh Ambani-run Reliance Industries Ltd (RIL) for the March 2024 quarter (Q4FY24) are estimated to decline from a year ago.
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The company’s oil to chemicals (O2C) business is expected to offset retail and consumer gains, while registering a sequential rise in its segment profits.
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In a Bloomberg poll, 12 analysts estimated RIL’s consolidated revenue at Rs 2.35 trillion and six analysts estimated net income adjusted at Rs 19,873 crore.
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Analysts with ICICI Securities noted: “Reliance (is) likely to show mixed performance during the quarter, with strong operational improvement, but net income may dip on higher depreciation/high

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First Published: Apr 16 2024 | 11:15 PM IST

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