A Look at Segments That Could Drive Reliance Q2 Earnings Growth

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A Look at Segments That Could Drive Reliance Q2 Earnings Growth
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Reliance Industries Ltd (NS:RELI) will report its earnings report for the September quarter today. Check what to expect from RIL’s Q2 earnings results.

The Mumbai-based conglomerate is expected to post strong growth backed by an increase in gains recorded in verticals which include retail and telecom.

A meteoric rebound in demand, customer spendings and footfall during the festive season, and improving economic conditions post the second wave of Covid-19 pandemic have secured the maximum bid for the conglomerate’s retail vertical to bag the most profit. 

Japanese brokerage Nomura has predicted the retail vertical’s EBITDA to grow 53% quarter-on-quarter.

The telecom vertical, Reliance Jio has beaten competitors Bharti Airtel (NS:BRTI) and Vodafone Idea (NS:VODA) in adding the highest number of mobile subscribers in August. 

Also, the government’s telecom sector reforms, Jio’s improving performance, and positive sales numbers of Jio Phones have raised analysts' expectations of 14 million telecom subscribers added to Jio in the September quarter, states Morgan Stanley (NYSE:MS). 

The Reliance Industries stock has shot up by 40% over the last six months and reached its all-time high of Rs 2745 a share on October 19. Investing immensely in energy companies globally over the past few months will help it record positive growth in the company’s energy segment.

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  • Rs Guru @Rs Guru
    As previously refining margin may be not good byr retail and jio shiuld be ok
    Like 0
  • Mohit Phogat @Mohit Phogat
    when will decided
    Like 0
  • Ankit Das @Ankit Das
    mkt closed... lets see what result will come...everyone prediciting good results..i hope reliance brings up move on monday...strongly wishing to see min 2 percent growth in stock post results
    Like 2

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