Reliance Industries Q1 Results Live Updates: RIL reports consolidated net profit of ₹26,994 crore

Reliance Industries Q1 Results Live Updates: Reliance Industries, the oil-to-chemicals-to-telecom-to-retail conglomerate and Nifty 50 heavyweight reported its results on Friday, July 18. Watch this space for all the live updates.

Reliance Industries Q1 Results Live Updates: Reliance Industries, the oil-to-chemicals-to-telecom-to-retail conglomerate and Nifty 50 heavyweight will be reporting its results after market closing hours on Friday, July 18. The index giant is set to see its revenue decline by 8% on a sequential basis during the June quarter, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) could rise 3% from the previous quarter. Operating profit margin for the quarter may expand by over 200 basis points, while net profit is likely to grow 16% sequentially, according to the CNBC-TV18 poll. The company's O2C, digital and retail business is likely to report strong growth during the quarter, while this could be offset by weakness in the Exploration & Production business. Reliance Jio's Average Revenue Per User (ARPU) is likely to increase from last quarter, while scale up of JioMart could drive EBITDA growth for the retail business. The stock has gained over 20% in the last one month leading up to results. Watch this space for all the live updates.