 "Reliance Industries, RIL")
Mukesh Ambani-led Reliance Industries (RIL) is expected to see strong growth in net profit and sales for the December quarter (Q3), aided by an improved performance in oil-to-chemicals, retail, and Jio business verticals, said brokerages. The country’s most valuable company will report its Q3 results on Friday.
Analysts expect profit to grow on both a year-on-year (YoY) and sequential basis.
“The company’s consolidated net profit in Q3 is seen up 10 per cent YoY because of strong gross refining margins and pick-up in retail business,” IIFL Securities report said.
