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RIL's telecom, retail biz to shine in Q2; O2C muted, say analysts

Volatile energy markets, windfall taxes to contribute to O2C weakness; company to report results on Friday

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RIL, according to Bloomberg consensus estimates, is likely to report double-digit growth (34.7 per cent) in revenue in Q2 versus a year ago to touch Rs 2.25 trillion.

Viveat Susan Pinto Mumbai

3 min read Last Updated : Oct 20 2022 | 11:14 PM IST

The Mukesh-Ambani-led Reliance Industries (RIL) is likely to report a mixed set of numbers in the quarter ended September 30, 2022 (Q2), consensus estimates by Bloomberg show. The company will report its Q2 numbers on Friday.

Earnings will be led by the telecom and retail businesses, while the oil-to-chemicals (O2C) division will be weak, led by volatile energy markets and windfall taxes levied during the quarter, analysts at brokerage Morgan Stanley said in a preview of the company's Q2 results on Thursday.

RIL, for the uninitiated, derives nearly 60 per cent of its revenue from its O2C business, which includes

Topics : Reliance Industries Q2 results Reliance Jio Infocomm Reliance Retail