Muted revenue growth, higher profitability for RIL in quarter ending Sept
For Mukesh Ambani’s Reliance Industries (RIL), analysts estimate higher profit growth for the July-September quarter (second quarter, or Q2) of 2023-24 (FY24), while revenue growth is expected to remain subdued.
Key monitorables include guidance on new energy capital expenditure, retail expansion, and telecommunication (telecom) tariffs.
In a Bloomberg poll, 12 analysts estimated consolidated revenue at Rs 2.24 trillion, while five analysts projected adjusted net income at Rs 17,961 crore.
A year ago, RIL reported a net profit of Rs 15,512 crore and consolidated revenue of Rs 2.53 trillion for Q2 of 2022-23.
