O2C segment may drive RIL’s Q4FY23 revenue; retail, telco stable: Analysts
Reliance Industries Q4 preview: Oil-to-telecom major Reliance Industries (RIL) is likely to see up to 14 per cent year-on-year (YoY) revenue growth to Rs 2.36 trillion in the January-March quarter (Q4FY23), as lower windfall tax, and stronger base gross refining margins (GRMs) could drive better oil-to-chemicals (O2C) business, said analysts.
The conglomerate will announce results after market hours on Friday, April 21.
Brokerages estimate an all-round beat performance for RIL. While higher subscriber additions, and stable ARPU (average revenue per user) is likely to boost the telecom segment’s earnings, the retail segment will be driven by increased store footprint.
