Mukesh Ambani-owned Reliance Industries will report its March-quarter earnings on Thursday after market hours. The oil-to-telecom conglomerate is expected to report a fall in the Q4 revenue by about 4.4 percent to Rs 1.49 lakh crore from Rs 1.56 lakh crore from the December quarter, according to a poll conducted by CNBC-TV18
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The EBITDA for the quarter could decline by almost about 4 percent to Rs 20,515 crore and the profits could fall by about 3 percent on a quarterly basis at Rs 9,930 crore, according to the poll. The refining and the petrochemical businesses are expected to see a slowdown.
The gross refining margins (GRMs) have been under a lot of pressure over the last many quarters and was also seen in the March quarter as well. GRMs are expected to fall by 10 percent on a quarterly basis to come in at $8.2 per barrel.
For Reliance Jio, subscriber addition is expected to rise 10 percent quarter on quarter, while average revenue per user (ARPUs) could moderate a bit.
Retail business has surprised positively for the last four quarters and is expected to report a strong performance this time as well.
Investment firm Nomura expects revenue growth of 59 percent in the retail business while margins are expected to improve to 5 percent as against 4.5 percent earlier.
On the back of continued stability seen in Reliance Jio, as well as Reliance Retail, RIL shares hit an all-time high of Rs 1,406 on April 1.
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The EBITDA for the quarter could decline by almost about 4 percent to Rs 20,515 crore and the profits could fall by about 3 percent on a quarterly basis at Rs 9,930 crore, according to the poll. The refining and the petrochemical businesses are expected to see a slowdown.
The gross refining margins (GRMs) have been under a lot of pressure over the last many quarters and was also seen in the March quarter as well. GRMs are expected to fall by 10 percent on a quarterly basis to come in at $8.2 per barrel.
For Reliance Jio, subscriber addition is expected to rise 10 percent quarter on quarter, while average revenue per user (ARPUs) could moderate a bit.
Retail business has surprised positively for the last four quarters and is expected to report a strong performance this time as well.
Investment firm Nomura expects revenue growth of 59 percent in the retail business while margins are expected to improve to 5 percent as against 4.5 percent earlier.
On the back of continued stability seen in Reliance Jio, as well as Reliance Retail, RIL shares hit an all-time high of Rs 1,406 on April 1.
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