Reliance Q2 Earnings: What to Expect?

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Reliance Q2 Earnings: What to Expect?
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Today the Mumbai-based conglomerate Reliance Industries (NS: RELI ) will release its earnings report for the quarter ending September 2021.

Analysts predict that the company will record strong growths in its consolidated profit and revenue, led by gains recorded in the retail and telecom sectors, in addition to rising refining margins, offsetting the dipping demand of its petchem vertical.

RIL’s earnings before interest, taxes, depreciation and amortization (EBITDA) is expected to grow by at least 7% to Rs 24,970 crore QoQ by a market poll, while HDFC (NS: HDFC ) Securities expects this figure to rise 13.7% QoQ to Rs 26,600 crore and 40.2% on a YoY basis.

The consolidated revenue for the company is expected to grow 3.6% sequentially to Rs 1.45 lakh crore and 12.8% to Rs 1.58 lakh crore QoQ. 

Similarly, the consolidated net profit of RIL is expected to grow 2.1% sequentially to Rs 12,526.2 crore and 5.4% to Rs 12,946 crore QoQ.

Some brokerages expect the EBITDA of the retail sector to grow sequentially to Rs 2,830 crore, while others state that its operating profit margin is creeping towards pre-pandemic levels, backed by recovering sales of jewellery, fashion and electronics.

Jio is expected to report growths in ARPUs as well as subscriber numbers. Brokerages anticipate Jio’s EBITDA to grow by 5.4% sequentially.

Its revenue is expected to rise 4.4% while operating profit by 3.5% quarter on quarter.

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