INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Oil-to-telecom giant Reliance Industries will announce its quarterly earnings on Wednesday
Analysts and investors will be keenly watching for any drop in gross refining margin (GRM), growth in petchem business and the o utlook for
52.8 per cent YoY growth in refining business and a 54.1 per cent YoY growth in petchem business
The two businesses would drive revenue growth for the company, which would be aided by higher oil prices (up 44.7 per cent YoY) and a
YoY rise in adjusted standalone net profit at Rs 9,269 crore on a 34.1 per cent YoY rise in revenues at Rs 19,876 crore
Sharekhan said earnings from Reliance's digital business is expected to grow steadily given the likely gain in revenue market share and
increased focus on additional revenue streams through launch of fixed-line broadband services through Jio GigaFibre.
