{"id":610717,"date":"2023-10-17T09:38:17","date_gmt":"2023-10-17T04:08:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=610717"},"modified":"2023-10-17T10:10:03","modified_gmt":"2023-10-17T04:40:03","slug":"muted-revenue-growth-higher-profitability-for-ril-in-quarter-ending-sept","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/muted-revenue-growth-higher-profitability-for-ril-in-quarter-ending-sept\/","title":{"rendered":"Muted revenue growth, higher profitability for RIL in quarter ending Sept"},"content":{"rendered":"<p>For Mukesh Ambani\u2019s Reliance Industries (RIL), analysts estimate higher profit growth for the July-September quarter (second quarter, or Q2) of 2023-24 (FY24), while revenue growth is expected to remain subdued. <\/p>\n<p>Key monitorables include guidance on new energy capital expenditure, retail expansion, and telecommunication (telecom) tariffs. <\/p>\n<p>In a Bloomberg poll, 12 analysts estimated consolidated revenue at Rs 2.24 trillion, while five analysts projected adjusted net income at Rs 17,961 crore. <\/p>\n<p>A year ago, RIL reported a net profit of Rs 15,512 crore and consolidated revenue of Rs 2.53 trillion for Q2 of 2022-23.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For Mukesh Ambani\u2019s Reliance Industries (RIL), analysts estimate higher profit growth for the July-September quarter (second quarter, or Q2) of 2023-24 (FY24), while revenue growth is expected to remain subdued. Key monitorables include guidance on new energy capital expenditure, retail expansion, and telecommunication (telecom) tariffs. In a Bloomberg poll, 12 analysts estimated consolidated revenue at Rs 2.24 trillion, while five analysts projected adjusted net income at Rs 17,961 crore. A year ago, RIL reported a net profit of Rs 15,512 crore and consolidated revenue of Rs 2.53 trillion for Q2 of 2022-23.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-610717","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/610717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=610717"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/610717\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=610717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=610717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=610717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}