RIL shares edge lower ahead on Q3; here's what to expect
RIL is likely to post single digit growth in both profit and revenue amid weakness in refining and petchem business due to product cracks and drop in realisations.
RIL is likely to post single digit growth in both profit and revenue amid weakness in refining and petchem business due to product cracks and drop in realisations.
India’s largest private sector company’s ‘future focus’ keeps it at the top of the league.
Billionaire Mukesh Ambani-led conglomerate is expected to report muted earnings in the first quarter of FY24 due to decline in its oil-to-chemical (O2C) business.
Reliance is expected to report single-digit growth in its top and bottom lines, while consolidated EBITDA is seen growing double-digit year-on-year in Q4 FY23.
The triple bet on digital, retail and green energy kept the fortunes in favour of India’s largest company.
Mukesh Ambani says performance of O2C biz reflects “subdued demand and weak margin across downstream chemical products". Segment was also impacted by windfall tax on fuel export imposed by govt.