Q4 results today: RIL among 15 companies to announce quarterly earnings

Here's what to track from RIL results

Oil-to-telecom conglomerate (RIL) is expected to report healthy numbers for the quarter ended March 2024, driven by robust O2C business and healthy growth in the consumer-facing businesses of Jio and retail.

The company will announce its quarterly numbers on April 22 and the Board will also consider approving a dividend for FY24.

Revenue from operations for the fourth quarter are expected to grow up to 12% year-on-year, according to an average estimate of four brokerages.

Consolidated EBITDA for the quarter is seen increasing 3% sequentially and 9% year-on-year to Rs 41900 crore. Net profit for the quarter, meanwhile, is likely to drop up to 7% year-on-year, while rising 2% on a quarter-on-quarter basis.

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The diversified conglomerate is likely to see a strong growth in its retail and telecom business. Retail EBITDA is likely to remain strong and show a growth of 28% year-on-year on higher footfalls. JIO's EBITDA is likely to surge 13% year-on-year.

In the preceding December quarter, RIL reported a 9% growth in consolidated net profit at Rs 17,265 crore, while revenue from operations jumped nearly 4% to Rs 2.28 lakh crore.

For the O2C business, RIL is likely to see a strong quarter with an estimated $1/bbl QoQ improvement in GRMs (gross refined margins).

"While Reliance Jio may see 2% rise in EBITDA quarter-on-quarter, the retail EBITDA is likely to grow just over 1% quarter-on-quarter. Consolidated EBITDA for the reporting quarter may rise 5% quarter-on-quarter," said ICICI Securities.

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