RIL Q3 Results Preview: Higher GRM may drive PAT; Jio ARPU seen at Rs 149
NEW DELHI: Reliance Industries NSE 0.02 %, the most valuable company in India, is likely to post a strong set of numbers for the December quarter when it reports its earnings on Friday.
The company is estimated to report 10-25 per cent year-on-year (YoY) profit growth and 45-70 per cent growth in revenues, analysts said. Margins are also likely to suffer, they added.
“We expect consolidated profit after tax (PAT) to increase by 10 per cent sequentially led by strong growth in standalone business on higher gross refining margins (GRMs). Petchem margin, a decent performance by Jio led by telecom tariff hike and solid recovery in EBITDA of the retail business,” said analysts at Sharekhan.
