Key Points
RIL Q2 Preview: Net profit for the September quarter is likely to show a solid growth of around 25% year-on-year, according to an average estimate of three brokerages..
India's leading conglomerate Reliance Industries Ltd's (RIL) operating performance is likely to improve in the second quarter ended September 2023 on the back of better refining margins..
Segment-wise, Reliance Jio is expected to clock a 2% revenue growth sequentially, led by a 1% quarter-on-quarter growth in ARPU, which is seen improving to Rs 181 in the reporting period.. ..
We expect consolidated EBITDA to improve by 6% quarter-on-quarter on better standalone performance and steady growth in digital services and organized retail...
We expect EBITDA for Reliance Jio to increase 4% quarter-on-quarter, driven by 10 mn overall net subscriber adds and blended ARPU improving to Rs 183 on continued subs mix improvement, rising FTTH contribution, and quarter-on-quarter higher days in the second quarter and retail to increase by 5% quarter-on-quarter...
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