 "Reliance industries, Reliance oil business")
Reliance Industries Limited (RIL)’s core business is expected to once again drag earnings for the oil-to-telecom conglomerate in the third quarter of the current financial year (Q3FY25), said analysts.
Earnings estimates for the Mukesh Ambani-promoted entity are expected to either remain flat or decline marginally at the Ebitda level, compared to a year ago. Ebitda is earnings before interest, taxes, depreciation and amortisation.
RIL is slated to declare its financial results for Q3FY25 on January 16.
In a Bloomberg poll, seven analysts estimated a consolidated revenue of Rs 2.37 trillion and six analysts foresaw a net income adjusted of
