NEW DELHI: Oil-to-telecom major Reliance Industries NSE -0.21 % (RIL) looks all set to report a doubling of profit in March quarter on a low base. Sales for the oil-to-telecom major is seen rising a tepid 2-3 per cent on year-on-year basis. Ebitda margin may fall sequentially, analysts said.
Kotak Securities expects the Mukesh Ambani-led company to report a 2 per cent rise in consolidated sales at Rs 1,39,012 crore compared with Rs 1,36,240 crore in the year-ago quarter. It sees consolidated profit rising 109 per cent to Rs 13,248 crore compared with Rs 6,348 crore in the year-ago quarter.
