Reliance Industries Q2 Results Live Updates: Broad-based growth likely for Nifty 50 heavyweight

Reliance Industries Q2 Results Live Updates: Reliance Industries Ltd., the oil-to-chemicals-to-telecom-to-retail conglomerate and the Nifty 50 heavyweight, will be reporting its September quarter results after market hours on Friday, October 17. A CNBC-TV18 poll indicates that the company is likely to report revenue of ₹2.46 lakh crore, compared to ₹2.44 lakh crore in the June quarter. Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter may grow by 3.7%, while EBITDA margins may expand by 50 basis points on a sequential basis, according to the CNBC-TV18 poll. Watch this space for all the live updates.

Reliance Industries Q2 Results Live Updates: Reliance Industries Ltd., the oil-to-chemicals-to-telecom-to-retail conglomerate and the Nifty 50 heavyweight, will be reporting its September quarter results after market hours on Friday, October 17. A CNBC-TV18 poll indicates that the company is likely to report revenue of ₹2.46 lakh crore, compared to ₹2.44 lakh crore in the June quarter. Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter may grow by 3.7%, while EBITDA margins may expand by 50 basis points on a sequential basis, according to the CNBC-TV18 poll. The net profit is likely to fall 22% from the June quarter, but that is due to the one-off income of ₹8,924 crore that the company had earned due to the stake sale in Asian Paints. Growth is likely to be led by the O2C business and retail, which will be supported by the GST cuts and a higher revenue per square feet. The oil and gas segment may see some weakness, while Jio's EBITDA is likely to surge 16% from last year and 2% sequentially due to a higher APRU due to a tariff hike. Retail EBITDA is likely to grow by 11% year-on-year. Watch this space for all the live updates.