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    Reliance Industries Q2 results today: Here's what to expect

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    Reliance Industries Q2 results today: Here's what to expect

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    Reliance Industries Ltd (RIL) will report its second-quarter results on Wednesday. Investors will closely parse the earnings report for growth in gross refining margin (GRM), petchem business and the outlook for the digital business.

    Reliance Industries Ltd (RIL) will report its second-quarter results on Wednesday. Investors will closely parse the earnings report for growth in gross refining margin (GRM), petchem business and the outlook for the digital business.
    RILis likely to announce acquisition of Hathway Cable and DEN Networks on October 17, said sources.
    Here are some of the key expectations:
    • It is expected to be a steady quarter this time around. Last quarter, the petchem business hit a record high, the EBIT that is. The petchem business’ strength is expected to continue.
    • The refining business slowdown could continue, the gross refining margins have fallen a tad bit this time around to $10.2 per barrel versus $10.5 per barrel last quarter.
    • Both the telecom as well as the retail business is expected to show growth. The key numbers to watch are the petchem and the refining EBIT along with the telecom and the retail EBIT as well.
    • On the petchem EBIT, last quarter it had hit a record high, the EBIT is expected to rise further by 8 percent quarter-on-quarter (Q-o-Q) to come in at Rs 8,490 crore, refining could see a bit of a downtick, so the EBIT could fall about one percent Q-o-Q, the retail business has been growing at a scorching pace, that pace is expected to continue and Rel Jio as well – subscriber additions will increase, so a revenue growth of around 12.5 percent is expected.
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      Disclosure:
       Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary
       
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