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Reliance Industries Q2 Results LIVE Updates: The Nifty 50 heavyweight and India's most valuable company is likely to report a strong quarter this time around with growth likely to be seen across most segments. Follow this blog for all the LIVE result updates from Reliance Industries.
Reliance Industries Q2 Results Live Updates: India's most valuable company and Nifty 50 heavyweight, Reliance Industries Ltd., will be reporting its September quarter results after market hours on Friday, October 30. The sequential figure is likely to be strong across all segments. Across a CNBC-TV18 poll, Reliance Industries is likely to report a revenue growth of 3% to ₹3.18 lakh crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter may increase by 10% to ₹52,223 crore. Operating profit margins may expand by over 100 basis points to 16.5%, while net profit may grow 7% on a consolidated basis to ₹22,381 crore. Strength in the refining segment and the consumer business will contribute to the strong results, while the O2C business may benefit from strong SEZ refinery earnings, US ethane-based petchem and a weak currency. The upstream business though, could see an impact of the decline in production. Jio Platforms will now be reporting results separately on the same day, which will be its first after listing.
Watch this space for all the Live updates on Reliance Industries' Q2 results.
HomeMarket NewsReliance Industries Q2 Results LIVE Updates: Stock recovers from lows ahead of results
