19 Jan 2024, 09:23 AM IST
Reliance Industries Q3 Results Live: RIL shares open higher ahead of Q3 results
Reliance Industries share price opened over half a percent higher on Friday ahead of the announcement of Q3 results today. Reliance shares opened at ₹2,753.00 apiece on the BSE as against previous close of ₹2,734.90.
19 Jan 2024, 09:10 AM IST
Reliance Industries Q3 Results Live: RIL, HUL, Hindustan Zinc, Paytm, others to announce Q3 results today
Since the start of the Q3 results season last week with the announcement of the Q3 scorescards by four IT heavyweights, investors have been eagerly looking forward to Reliance Industries’ (RIL) Q3 earnings today. Today, apart from Reliance Industries Ltd, a handful of companies will be releasing their Q3 results, including Atul Ltd, Central Bank of India, CESC Ltd, Colab Cloud Platforms Ltd, CreditAccess Grameen Ltd, Futuristic Solutions Ltd, Global Infratech & Finance Ltd, Gujarat Lease Financing Ltd, Hindustan Unilever Ltd (HUL), Hindustan Zinc Ltd, HT Media Ltd, One 97 Communications Ltd (Paytm), RBL Bank Ltd, among others.
19 Jan 2024, 08:56 AM IST
Reliance Industries Q3 Results Live: Revenue growth will be led by consumer business
Reliance Industries’ revenue growth will be led by its consumer business, especially digital services and retail business whereas refining and petrochemical business will report lower growth in Q3FY24, said Rajesh Sinha, Senior Research Analyst at Bonanza Portfolio. He expects RIL’s exploration and production (E&P) business to deliver positive performance. However, the O2C business may witness a decline on account of product cracks and lower realisations.
Sinha said EBITDA of RIL is expected to decline marginally on a quarter-on-quarter (QoQ) basis due to moderation in diesel cracks, narrowing of Russian crude discount and lower refining throughput due to maintenance shut-down and continued weakness in petrochemical margin.
19 Jan 2024, 08:40 AM IST
Reliance Industries Q3 Results Live: O2C weakness may impact consolidated Ebitda sequentially
The expectations from Reliance Industries’ consolidated December quarter performance remains a mixed bag with the Oil to Chemical (O2C) segment likely to see some pressure. The consumer-oriented retail and Jio (telecom segment) may see a steady quarter, and partially offset the weakness in Oil to Chemicals business. The operating performance on sequential basis may see some decline as per analysts estimates, though on year-on-year basis will still be higher. Read here
19 Jan 2024, 08:20 AM IST
Reliance Industries Q3 Results Live: RIL Q2 net profit stood at ₹19,878 crore
Reliance Industries, India’s largest company by market capitalisation, reported a 29.7% year-on-year (YoY) rise in its consolidated net profit at ₹19,878 crore for the quarter ended September 2023. The company’s revenue during Q2FY24 stood at ₹2,31,886 crore. At the operational level, EBITDA saw a healthy 30.2% YoY growth to ₹44,867 crore while the EBITDA margin jumped 390 bps YoY to 17.5%.
19 Jan 2024, 08:05 AM IST
Reliance Industries Q3 Results Live: Digital, retail business to drive profit, revenue; O2C business may remain under pressure
Reliance Industries (RIL) is set to announce its December quarter (Q3FY24) scorecard on Friday, January 19. The company is expected to report a decent set of numbers for the quarter, mainly due to higher utilisation of refineries sustaining their strong operating efficiency. Read here
19 Jan 2024, 07:49 AM IST
Reliance Industries Q3 Results Live: RIL to see decent performance led by Digital services and retail business
Reliance Industries Q3 Results Live: Reliance Industries is expected to report a decent set of numbers for the third quarter of FY24, driven by higher utilisation of refineries sustaining their strong operating efficiency. The digital services and retail business is expected to lead RIL’s growth for the December quarter. However, the performance of the oil-to-chemicals (O2C) business and refining and petrochemical segment may remain subdued.
19 Jan 2024, 07:35 AM IST
Reliance Industries Q3 Results Live: RIL to announce Q3 results today
Reliance Industries Q3 Results Live: The energy-to-telecom conglomerate, Reliance Industries Ltd (RIL), is set to announce its earnings for the third quarter of FY24 today,…
Read More: Reliance Q3 Results LIVE Updates: Reliance share price trades higher ahead of Q3