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What's in store for RIL Q2: Financials may rally, full revival not yet

Morgan Stanley analysts estimate although Q2 earnings could improve on a sequential basis, they could be 20 per cent below pre-Covid levels

Mukesh Ambani, Chairman & MD, RIL
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Reliance Industries chairman Mukesh Ambani. (File photo)

Amritha Pillay Mumbai
For Mukesh Ambani-led Reliance Industries (RIL), the financial performance for the July-September quarter (second quarter, or Q2) is expected to show sequential improvement. Full recovery, however, is still some quarters away. 

“RIL is expected to show sequential recovery. The timeline for pre-Covid-level performance will sync with the macroeconomic improvement (as and when it happens),” said Nitin Tiwari, vice-president, Antique Stock Broking. 

According to news reports, the oil-to-telecom company this month rolled back the paycuts it had implemented for the hydrocarbon division in April. The petrochemicals (petchem) business is expected to post significant sequential recovery for the quarter under review; however, refining margins

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First Published: Oct 28 2020 | 7:37 PM IST

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