RIL Q3 Result Preview: Digital, retail business to drive profit, revenue; O2C business may remain under pressure

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₹19,878 crore. EBITDA, too, saw a healthy 30.2 per cent YoY rise to ₹44,867 crore while the EBITDA margin jumped 390 bps YoY to 17.5 per cent. RIL is a diversified conglomerate and it operates in various sectors, including energy, petrochemicals, retail, and telecommunications.

As per Rajesh Sinha, Senior Research Analyst at Bonanza Portfolio, the revenue growth of RIL will be led by its consumer business, especially digital services and retail business whereas refining and petrochemical business will report lower growth in Q3FY24. Also Read: Jio Financial tweaks plans after RBI move on unsecured lending Moreover, 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. Also Read: Asian Paints Q3 Results: Net profit rises 34% to ₹1,475 crore, revenue up 5% YoY According to the estimates of Motilal Oswal Financial Services, RIL may report a 10.6 per cent YoY increase in net sales while adjusted PAT may rise 11.6 per cent YoY for Q3FY24. The brokerage firm expects RIL's consolidated EBITDA may remain flat QoQ at ₹41,100 crore.