RIL Q1 Results LIVE: RIL share price trades lower ahead of earnings

RIL Q1 results LIVE: Reliance Jio ARPU growth likely to be restricted: ICICI Securities

Reliance Jio’s Q1FY24 revenue is estimated to rise 2.3% QoQ to ₹23,900 crore, benefiting from subscriber additions, while ARPU expansion may be limited. EBITDA may grow 2.5% QoQ to ₹12,500 crore while cost continues to rise. Net profit is seen at ₹4,800 crore, up 2.2% QoQ, according to ICICI Securities.

Reliance Jio subscriber growth is expected to accelerate with likely 9 million net additions, however, ARPU growth may be restricted by the adoption of unlimited data by 5G users, said ICICI Securities.

We expect cost inflation to be moderate for RJio as it capitalises the initial 5G-related operating cost, it said.

Stock market today: Reliance share price falls over 1% ahead of Q1 results today

Reliance Industries Ltd (RIL) share price declined over a percent on Friday ahead of the announcement of June quarter results later today. The stock price fell as much as 1.59% to a low of ₹2,578.10 apiece on the BSE. Read full report here

RIL Q1 results LIVE: RIL share price trades lower ahead of earnings

Reliance Industries share price opened lower ahead of Q1 results today. RIL shares were trading 0.87% lower at ₹2,596.95 apiece on the BSE.

RIL Q1 results LIVE: Reliance consolidated EBITDA may fall 2% QoQ: Nuvama

Brokerage firm Nuvama Wealth Management expects RIL’s consolidated EBITDA to decline one per cent YoY and two per cent QoQ on weak O2C, partially offset by strong gas (prices up +22 per cent YoY/flat QoQ), retail and digital.

The brokerage firm expects RIL’s O2C to remain subdued on weak refining (GRMs down 80 per cent YoY) as well as weak petrochemicals due to weak demand. Weak petrochemicals may be partially offset by a 64 per cent YoY and a 16 per cent QoQ dip in feedstock Ethane price, Nuvama said.

RIL Q1 results LIVE: Reliance Jio revenue pegged at ₹24,070 crore, up 3% QoQ

Reliance Jio’s revenue in Q1FY24 is expected to rise 3% QoQ to ₹24,070 crore, while its EBITDA may increase 3% QoQ to ₹12,500 crore, according to Avishek Datta – Research Analyst, Prabhudas Lilladher Pvt Ltd.

He also factored in ARPU of ₹182, up 1.5% QoQ, and subscriber addition of 6 million in Q1FY24.

RIL Q1 results LIVE: Reliance GRM estimated to fall by $3.6/bbl QoQ

Reliance Industries is likely to see a sharp decline in its OTC segment earnings, with an estimated $3.6 per barrel QoQ dip in GRMs (Gross Refining Margins) offset somewhat by a small improvement in integrated petrochemical spreads (helped by softer gas/ethane costs), accorindg to ICICI Securities.

Reliance Jio is expected to deliver ~2.5% QoQ rise in EBITDA, while we expect RIL’s retail EBITDA to grow 6.4% QoQ, the brokerage house said.

Overall, it expects RIL’s consolidated EBITDA to decline 3% QoQ and PAT 14% QoQ due to higher depreciation, interest costs and tax driving the higher decline in PAT vs EBITDA for the quarter.

RIL Q1 results LIVE: Reliance Retail EBITDA may grow 3% QoQ

For Reliance Retail, Kotak expects EBITDA to increase by nearly 3 per cent QoQ driven by increased store footprint, and benefits of operating leverage.

For the retail segment, Nuvama expects EBITDA to grow 24 per cent YoY and 2 per cent QoQ on higher footfall.

RIL Q1 results LIVE: Jio net profit may rise 11% YoY; ARPU likely to improve to ₹180

Motilal Oswal expects Reliance Jio’s net revenue to rise 9.2% YoY while PAT may rise 11% YoY. Jio’s revenue may grow 2% sequentially, led by a 2% QoQ growth in subscribers and 0.5% QoQ growth in ARPU.

ARPU is expected to improve to ₹180 with subscribers at 44.7 crore, Motilal said.

RIL Q1 results LIVE: RIL’s standalone EBITDA may decline 14% QoQ on weaker GRM: Kotak Institutional Equities

As per the estimates of Kotak Institutional Equities, RIL’s standalone EBITDA may decline 14 per cent QoQ on weaker GRM (gross refinery margins), and flat petrochemicals margins, but partly offset by marginally higher E&P (exploration and production) profitability.

“We expect consolidated EBITDA to decline by a modest 2 per cent QoQ, as weaker standalone performance is offset by benefits of fuel over-recoveries in O2C, and QoQ improvements in Jio and Retail,” Kotak said.

RIL Q1 results LIVE: O2C segment may be weak; telecom, retail to lend support

The June quarter results of Reliance Industries (RIL) may come on the softer side due to the subdued performance of the O2C (oil to chemicals) segment. However, the retail and telecom segment is likely to show healthy growth which could offset the weakness in the company’s O2C business. Read full report here

RIL Q1 results LIVE: Net profit may fall 6.5% to ₹16,800 crore; Topline likely to decline 7.2% QoQ

Reliance Industries Ltd (RIL) is expected to report muted earnings in the first quarter FY24 with net profit likely to fall 6.5% on a sequential basis to ₹16,800 crore. The total revenue of the company in Q1FY24 is expected to decline 7.2% QoQ and come in at ₹2.03 lakh crore.

The company may see consolidated EBITDA at ₹38,600 crore, up 2% YoY, but flat QoQ. The O2C segment’s EBITDA is expected to grow 2% to ₹18,400 crore, as per Motilal Oswal Financial Services’ estimates.

Further clarity on ₹75,000 crore announcements in the new energy business, growth in Retail store additions, and any pricing action in Telecom are the key monitorable.