Oil & gas biz may be nearing peak for RIL, claims larger share in profit

Reliance Industries Ltd’s (RIL’s) oil and gas vertical reported its record quarterly profit in the latest quarter (July-September), when the business reported an Ebitda (earnings before interest, taxation, depreciation, and amortisation) of Rs 4,766 crore.

In the quarter, a little over 10 per cent of RIL’s consolidated Ebitda came from its oil and gas business.

Even as this business finally claims a larger share in overall profits, analysts say it may be nearing its peak for now.

RIL’s oil and gas business performance for several years has been lacklustre in comparison to profits its other divisions have returned.