RIL may post 17% rise in Q2 net on consumer uptick, refinery growth
ET Intelligence Group: The consolidated net profit of Reliance Industries (RILNSE 1.62 %) is expected to grow by 17 per cent to Rs 11,158 crore in the September quarter, helped by higher growth in the consumer-focused segments and a recovery in the refinery business, according to Bloomberg consensus estimates.
The country’s largest company by net profit has outperformed the Bloomberg estimates in seven out of the past 10 quarters by a margin of 3-21 per cent.
The standalone profit is likely to increase 11.3 per cent to Rs 9,863 crore, the highest in six quarters.
