Reliance Industries Limited's (RIL's) core business is expected to once again drag earnings for the oil-to-telecom conglomerate in the third quarter of the current financial year (Q3FY25), said analysts.
Earnings estimates for the Mukesh Ambani-promoted entity are expected to either remain flat or decline marginally at the Ebitda level, compared to a year ago. Ebitda is earnings before interest, taxes, depreciation and amortisation. RIL is slated to declare its financial results for Q3FY25 on January 16.
In a Bloomberg poll, seven analysts estimated a consolidated revenue of ₹2.37 trillion and six analysts foresaw a net income adjusted of ₹18,940 crore for Q3FY25.
RIL operates three main business divisions - oil-to-chemicals (O2C), which comprises refining, fuel-retailing, and petrochemicals; and two consumer-facing businesses, namely retail and telecom.
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