RIL Q3 Result Today: Today the third quarter results of Reliance Industries are coming. It is estimated that the company’s profit in the third quarter may increase. Recovery is also expected in GRM. At the same time, experts and brokerage houses have expressed growth in RIL’s telecom business and retail business. Before the results, RIL shares are seen dropping by 1 percent today. At the same time, the share price has increased from Rs 1936 to Rs 2,099.40 in the last 1 month.
How will the results of the company be
Brokerage house Motilal Oswal believes that RIL’s GRM can be around $ 7 per barrel. At the same time, the growth in petchem margins can also be seen on quarterly basis. At the same time, the brokerage house believes that ARPU of Reliance Jio can grow at Rs 149 with a 3% growth on a quarterly basis. At the same time, there may be 16 percent growth on an annual basis. At the same time, subscriber growth can reach 41.5 crore, staying 12 per cent on an annual basis.
How were the results in the last quarter
Reliance Industries reported a 15 per cent decline in profits in the second quarter. The company had a profit of 9567 crore. This was due to the decline in the oil business and the chemical business. In the second quarter, the company’s revenue fell from Rs 1.56 lakh crore to 1.2 lakh crore.
The advantage in telecom business: Reliance Jio’s ARPU reached Rs 145 in the December quarter, while the company’s subscribers grew by 7.3 million. Reliance Jio had a net profit of Rs 2,844 crore in the July-September quarter of the financial year 2020-21. The company’s revenue grew by 33 percent to Rs 17,481 crore.
Retail Business: In the second quarter, revenue from retail business was almost flat at Rs 39,199 crore. At the same time, EBITDA fell 14 per cent to Rs 2,009 crore. Pharmaceutical revenue fell 23 per cent to Rs 29,665 crore.