 "Reliance industries, Reliance oil business")
For Reliance Industries Ltd (RIL), the September 2024 quarter (Q2FY25) may turn out to be yet another weak one as refining margins drag, say analysts.
Two brokerage firms — ICICI Securities and Nuvama — expect a 1-13 per cent dip in reported profits in Q2FY25 from a year ago. Kotak Institutional expects a modest 2.2 per cent rise. Revenue, at best based on available analyst estimates, could rise up to 4 per cent.
Analysts at Nuvama anticipate a 6 per cent decline in the company’s consolidated Ebitda (earnings before interest, taxation, depreciation, and amortisation) on account of
