RIL to announce Q4 results, consider dividend on April 22

If announced, this will be the second such dividend for the financial year 2023-2024. The Mukesh Ambani-owned company has already paid a dividend of Rs 9 in the June quarter.

The dividend paid in July last year was the first in nearly a year. Before that, the company declared a dividend of Rs 8 per share in May 2022.

Analysts expect 's profit to decline around 7% year-on-year for the quarter ended March, while revenue from operations is expected to grow 6% year-on-year.

"We expect RIL’s standalone EBITDA to increase 8% quarter-on-quarter on a sequential improvement in refining margins. In E&P, we expect a 6% quarter-on-quarter decline in EBIT likely on higher costs. We expect consolidated EBITDA to increase by ~4% qoq, largely on better standalone performance and steady growth in digital services and organized retail," said Kotak Securities.

Segment-wise, the O2C business is seen clocking a refining throughput of 16.1 mmt, a decline of 6% year-on-year and nearly 2% quarter-on-quarter, according to YES Securities. Meanwhile, GRM will likely increase 8% YoY and 10.9% QoQ reaching $14.3/bbl.

"For telecom, ARPU is maintained at Rs 182 whereas the subscribers grow to 480 million. Retail revenue is likely to grow by 27% YoY and 6% sequentially to Rs 88,000 and EBITDA Margin to be at 7.5%," the brokerage said.

Shares of RIL have had a decent run this year, rising 13% year-to-date, compared with a marginal rise of 2.44% in the benchmark Nifty.