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Q1 results preview: Jio to steady RIL ship amid slowdown in retail, energy

Analysts estimate net profit to come down in 1st quarter

reliance jio, RIL

Telecom could be the lone bright spot in Q1, with retail earnings falling prey to the Covid impact

Amritha Pillay Mumbai
Reliance Industries’ (RIL’s) retail and energy verticals expect a dent in earnings in the June quarter (Q1), because of the pandemic.

However, higher earnings in the telecom business may partly cushion the hit. On Thursday, RIL will report its results for Q1 — the first quarter to fully reflect the lockdown impact. In a Bloomberg poll, 10 analysts estimate net profit to come in at Rs 7,119 crore. The figure stood at Rs 10,104 crore in the same quarter last year. In the poll, 11 analysts estimated revenue to come in at Rs 1 trillion.

RIL’s consumer businesses — retail and telecom

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First Published: Jul 29 2020 | 6:10 AM IST

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