Key Points
...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, stated Reliance Industries in a regulatory filing...
"We anticipate a modest nearly 4% YoY rise but a 7% QoQ fall in RIL EBITDA because of relatively strong performance across oil and gas, retail and Jio but weak oil-to-chemicals..
Nuvama also expects RIL's oil and gas segment EBITDA to rise nearly 30% YoY but fall 8% QoQ due to increased production from the KG-D6 block offset by a 20% YoY dip in deep-water gas prices...
On the contrary, Kotak Institutional Equities predicts a nearly 8% QoQ decline in RILs consolidated EBITDA due to weak O2C performance and muted growth in digital services and organised retail..
They expect RILs standalone EBITDA to decline nearly 15% QoQ on weaker refining margins, partly offset by a modest improvement in petrochemical spreads...
