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

Reliance Industries, RIL

Photo: Shutterstock

Aditi Divekar Mumbai
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.

Also Read

Q1 results: Reliance Jio net profit rises 45% to Rs 3,651 crore

RIL Q1 results: Consolidated net profit falls 7% to Rs 12,273 crore

Jio's Q1 net profit rises 45% YoY to Rs 3,651 crore; ARPU at Rs 138

As lockdown dents Q1 show, Page Industries needs faster growth at the core

Latest news LIVE: Pfizer signs $5.3-bn Covid pill deal with US govt

Asian Paints profit down 18% in Q3 as higher input costs hurt margins

Biocon consolidated net profit rises 18% to Rs 220 crore in Q3

Stader Labs nets $12.5 million led by Three Arrows Capital, others

PNB Housing Fin Q3 net down 19% to Rs 188 crore on shrinking NII

PNB Housing Q3 net profit falls 19%, asset quality deteriorates

First Published: Jan 21 2022 | 6:01 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to