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Reliance Industries Q2 Earnings today: Here's what to expect from the company

Updated : October 18, 2019 01:26:08 IST

Oil-to-telecom conglomerate Reliance Industries (RIL) is all set to announce its second-quarter results on Friday. The stock is up 25 percent from the August lows. Also, it is less than 3 percent away from a 52-week high. The September quarter is expected to be very good for the company. Here's what to expect:

  • The consolidated profit is expected to rise 8 percent.
  • The refining business has seen an improvement. So, the gross refining margins are seen risen to $9.5 per barrel versus $8.1 per barrel last quarter. That will result in an EBITDA bump up as well.
  • The Singapore complex margins have also been quite strong at $6.5 per barrel.
  • However, the petrochemical business has been a bit weak and that continues because of lower prices.
  • On the telecom business, the subscriber growth has been robust. There is an expectation of 24 million subscribers addition in Q2 itself.
  • On retail too, the growth is expected to be quite strong.



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RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.
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