Reliance Industries Q1 Results Live Updates: A CNBC-TV18 poll anticipates that Reliance Industries will report 3.7% growth on a sequential basis to ₹3.05 lakh crore during the quarter. Earnings Before Interest, Tax, Depreciation and Amortisation could grow by 4% sequentially to nearly ₹46,000 crore, while margins may remain stable at 15%. Jio, O2C, and Retail results will be keenly awaited. Follow this space for all the LIVE updates
Reliance Industries Q1 Results Live Updates: The Nifty 50 big boy, Reliance Industries Ltd. will be reporting its first quarter results after market hours on Friday, July 17. A CNBC-TV18 poll anticipates that Reliance Industries will report 3.7% growth on a sequential basis to ₹3.05 lakh crore during the quarter. Earnings Before Interest, Tax, Depreciation and Amortisation could grow by 4% sequentially to nearly ₹46,000 crore, while margins may remain stable at 15%. Growth during the quarter is likely to be led by a strong O2C business and recovery in the retail vertical. Singapore GRMs during the quarter increased to $21.3 a barrel from $5.6 a barrel in the March quarter. For the O2C business, EBITDA may increase 20% from last year, while for the consumer business, the figure could be 12%, according to brokerage firm Jefferies. Lower production could impact the oil and gas business. For Jio, Nuvama expects the Average Revenue per User (ARPU) to grow 3% from last year and the digital business EBITDA to grow by 11%. Watch this space for all the LIVE updates from RIL results.
