 "Reliance industries, Reliance oil business")
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Signage for Reliance Industries Ltd. in Gujarat, India.Photographer: Dhiraj Singh/Bloomberg
For Reliance Industries Ltd (RIL), the September 2024 quarter (Q2FY25) may turn out to be yet another weak one as refining margins drag, say analysts.
Two brokerage firms — ICICI Securities and Nuvama — expect a 1-13 per cent dip in reported profits in Q2FY25 from a year ago. Kotak Institutional expects a modest 2.2 per cent rise. Revenue, at best based on available analyst estimates, could rise up to 4 per cent.
Analysts at Nuvama anticipate a 6 per cent decline in the company’s consolidated Ebitda (earnings before interest, taxation, depreciation, and amortisation) on account of
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