Reliance Industries (RIL) earnings from oil-to-chemicals (O2C) division are poised to remain volatile and range-bound, a top company executive and analysts said.
The oil-to-telecom conglomerate on Friday reported a 9.3 per cent year-on-year (Y-o-Y) increase in its consolidated net profit for the quarter ended December 2023.
This was tempered by weakness in the energy segment, which offset steady profit growth in RIL’s retail and telecom businesses.
RIL’s management noted that while the refining margins environment looks favourable, the downstream remain under pressure.
