Reliance Industries may post strong growth in net profit, sales for Q3

The company's retail business is expected to witness a strong Ebitda mainly because of increased revenue, said brokerages

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.

Gross refining margin is the difference between the total value of petroleum products coming