Reliance Industries Expected to Post Q2 Profit Growth Driven by O2C
· Business · Economic Times, Reuters
Reliance Industries Limited is set to announce its second-quarter financial results, with brokerages anticipating a consolidated EBITDA increase of 15% to 17% year-on-year. Analysts point to a sharp profit recovery in the legacy oil-to-chemicals division, bolstered by higher refining margins and increased petrochemical volumes. Jio Platforms is expected to maintain steady growth, while Reliance Retail faces ongoing margin pressures. JPMorgan and Kotak Securities forecast O2C EBITDA growth exceeding 40% compared to the previous year.
Why it matters
The earnings report reveals whether traditional energy refining can offset margin pressures in retail and fund Reliance Industries' broader corporate transition.
Read the original report — Economic Times
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