Reliance Industries Ltd., a key player in the energy and telecom sectors, is all set to reveal its financial standing for the first quarter of 2024 on July 19. As per the regulatory filing, the board of directors will convene to give the green light to the standalone and consolidated financial results for Q1FY25. The results will be disclosed after the market closes at 3 PM. After the board meeting, Reliance Industries will share its financial outcomes for the quarter ending on June 30, 2024, with analysts and the media.
A regulatory filing by Reliance Industries read, “…meeting of the board of directors of Reliance Industries of the Company is scheduled to be held on Friday, July 19, 2024, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter ended June 30, 2024.”
Significantly, the company will also present its financial highlights to analysts and the media later that day, as noted in the statement.
Crucial details to look out for in the quarterly results encompass:
O2C Segment: Assessment of the impact of lower Gross Refining Margins (GRMs) on profitability.
Telecom Segment: Insights on subscriber additions and Average Revenue Per User (ARPU) growth.
Retail Segment: Observations on footfall metrics and store expansions.
5G Rollout: Any advancements regarding the progress of 5G deployment and the implications of recent tariff hikes on future earnings.
Expert Abhishek Jain of Arihant Capital anticipates a robust performance in RIL’s B2C retail segment, specifically from Jio. A projected EBITDA of around ₹14,250 crore with a 4.4% QoQ growth is expected, as well as a 11-12% core retail revenue increase to approximately ₹50,100 crore, with EBITDA up 3% QoQ.
“We are focusing on a consolidated EBITDA of about ₹39,900 crore. RIL’s investments in new ventures, notably renewable energy, will be an important area to keep an eye on. These investments reflect the company’s strategic approach to sustainable development. Additionally, the potential demerger could be a positive move for investors, potentially unlocking more value,” highlighted Jain.
Brokerage firm Nuvama Institutional Equities foresees a 10% YoY revenue increase from Reliance Industries but projects flat profits. They expect nearly 4% YoY growth but a 7% QoQ decrease in RIL EBITDA, characterized by strong performance in oil and gas, retail, and Jio, but weak oil-to-chemicals sector.
Nuvama further suggests a fall in oil-to-chemicals EBITDA by 11% YoY and 19% QoQ, indicating a drop in refining and petrochemicals. Retail EBITDA is expected to remain strong, with Jio’s EBITDA on an upward trajectory.
Kotak Institutional Equities, on the other hand, predicts a nearly 8% QoQ decline in RIL’s consolidated EBITDA due to weak O2C performance. They also anticipate muted growth in digital services and organized retail. Key areas to watch in the quarterly results include the impact of lower Gross Refining Margins (GRMs) on profitability and updates on subscriber additions and Average Revenue Per User (ARPU) growth.
Stay tuned for the latest updates on Reliance Industries Q1 results and keep up with all corporate news and updates on Live Mint. Download The Mint News App for daily market updates and live business news.
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