RIL Q2 Results Preview: Profit, EBITDA to show healthy YoY growth; updates on new energy, retail, telecom to be in focus

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Reliance Industries (RIL) is expected to show healthy year-on-year (YoY) growth in profit and EBITDA (earnings before interest, taxes, depreciation, and amortization) led by decent growth in oil to chemicals (O2C) segment as well as telecom and retail. In Q1FY24, the company witnessed a 10.8 per cent decline in its net profit at ₹16,011 crore, while revenue from operations fell 4.69 per cent to ₹2,31,132 crore. RIL will announce its Q2FY24 results on Friday, October 27.

Apart from key numbers, investors will focus on updates on new energy business and trends in retail and telecom segments. According to brokerage firm Motilal Oswal, further clarity on the ₹75,000 crore announcements in the new energy business, growth in retail store additions, and any pricing action in the telecom segment are the key monitorables in RIL's Q2 earnings. (Exciting news! Mint is now on WhatsApp Channels.

Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Let's take a look at what top brokerage firms expect from RIL's Q2FY24 earnings. As per the estimates of Motilal Oswal, RIL's net sales may fall 2 per cent year-on-year (YoY) to ₹2,25,400 crore. However, adjusted PAT may see a 21.4 per cent YoY growth.

Motilal Oswal expects RIL's consolidated EBITDA for Q2FY24 to rise 21 per cent YoY but fall 1 per cent quarter-on-quarter (QoQ) to ₹37,900 crore. EBITDA margin for the quarter may improve to 16.8 per cent against 13.6 per cent YoY. For the oil to chemicals (O2C) segment, Motilal expects EBITDA to rise 40 per cent YoY and 3 per cent QoQ to ₹16,800 crore.