Reliance Q2 Results LIVE Updates: Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) is set to announce its financial results for the July-September quarter of fiscal 2024-25 (Q2FY25) today, October 14. The oil-to-telecom conglomerate is expected to report a muted growth in the second quarter of FY25 due to a weaker oil-to-chemicals (O2C) business. Reliance is expected to see consolidated revenue growth of 3.3% to ₹2.39 lakh crore in Q2FY25 from ₹2.31 lakh crore in Q1FY25. The company’s net profit and consolidated EBITDA are likely to rise marginally QoQ. Reliance’s board had approved a bonus share issue in the ratio 1:1 during its latest annual general meeting (AGM) in August 2024. Reliance share price was trading marginally higher ahead of Q2 results announcements: Stay tuned to our Reliance Q2 results Live blog for the latest updates:
Reliance Q2 Results LIVE:
According to a majority of D-Street brokerages, RIL is expected to report a 1-13 per cent dip in reported profits in Q2FY25 from a year ago. Kotak Institutional expects a modest 2.2 per cent rise. Domestic brokerage ICICI Securities expects Reliance’s upstream to show softness, with a slight production decline and higher profit petroleum share of government to dent margins.
Reliance Q2 Results LIVE: Should you buy RIL shares ahead of Q2 results today?
According to stock market experts, Reliance Industries Q2 results in 2024 are expected to remain ‘muted’. However, they said a dip in Reliance share price should be seen as a buying opportunity as RIL share price has already faced a considerable correction in recent sessions.
Reliance Q2 Results LIVE: Analyst expects Reliance Jio to add 1 million subscribers
Reliance Jio is expected to add 1mn subscribers QoQ to 491 mn subscribers, with growth in ARPU by 7.5% QoQ to ₹195/month, led by recent tariff hike; and that would result in 8.5% QoQ revenue growth.
Reliance Q2 Results LIVE: RIL shares trade with modest gains ahead of Q2 earnings
Reliance Q2 Results LIVE: Reliance share price traded marginally higher on Monday ahead of the announcement of the Q2 results today. RIL shares opened at a high of ₹2,761.70 apiece as against Friday’s close of ₹2,742.20 apiece on the BSE. Reliance shares were trading 0.21% higher at ₹2,748.00 on the BSE.
Reliance Q2 Results LIVE: Second consecutive quarter of muted results
Reliance Q2 Results LIVE: Reliance Industries is expected to post a second consecutive quarter of muted results. The September quarter earnings of RIL is likely to be weighed down by weak performance from Reliance Retail and its oil-to-chemicals (O2C) business, analysts said.
Reliance Q2 Results LIVE: RIL to announce Q2 results today
Reliance Q2 Results LIVE: Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) is set to announce its financial results for the July-September quarter of fiscal 2024-25 (Q2FY25) today, October 14.
“The Board of Directors of the Company is scheduled to be held on Monday, October 14, 2024, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and half year ended September 30, 2024,” said RIL in its stock exchange filing.
