 "Reliance Industries, RIL")
The consolidated profits of Mukesh Ambani-run Reliance Industries Ltd (RIL) for the March 2024 quarter (Q4FY24) are estimated to decline from a year ago.
The company’s oil to chemicals (O2C) business is expected to offset retail and consumer gains, while registering a sequential rise in its segment profits.
In a Bloomberg poll, 12 analysts estimated RIL’s consolidated revenue at Rs 2.35 trillion and six analysts estimated net income adjusted at Rs 19,873 crore.
Analysts with ICICI Securities noted: “Reliance (is) likely to show mixed performance during the quarter, with strong operational improvement, but net income may dip on higher depreciation/high
