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economictimes.indiatimes.com / 2 years ago
economictimes.indiatimes.com / 2 years ago
economictimes.indiatimes.com / 2 years ago
RIL Q4 Preview: Street eyes strong revenue, EBITDA growth despite likely fall in profit
Reliance Industries Ltd (RIL) is expected to report healthy numbers for the quarter ended March 2024, driven by robust O2C business and healthy growth in the consumer-facing businesses of Jio and retail.
The company will announce its quarterly numbers on April 22 and the Board will also consider approving a dividend for FY24.
Revenue from operations for the fourth quarter are expected to grow up to 12% year-on-year, according to an average estimate of four brokerages.
Consolidated EBITDA for the quarter is seen increasing 3% sequentially and 9% year-on-year to Rs 41,900 crore. Net profit for the quarter, meanwhile, is likely to drop up to 7% year-on-year, while rising 2% on a quarter-on-quarter basis.
The diversified conglomerate is likely to see a strong growth in its retail and telecom business. Retail EBITDA is likely to remain strong and show a growth of 28% year-on-year on higher footfalls. JIO's EBITDA is likely to surge 13% year-on-year.
In the preceding December quarter, RIL reported a 9 growth in consolidated net profit at Rs 17,265 crore, while revenue from operations jumped nearly 4% to Rs 2.28 lakh crore
Here's what analysts expect from RIL's Q4:
ICICI Securities
RIL is likely to see strong quarter for its oil-to-chemicals business with an estimated $1/bbl QoQ improvement in GRMs (gross refined margins. While Reliance Jio may see 2% rise in EBITDA quarter-on-quarter, the retail EBITDA is likely to grow just over 1% quarter-on-quarter. Consolidated EBITDA for the reporting quarter may rise 5%
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