Reliance Eyes 17.5 Percent Profit Jump
Reliance Industries is expected to post a 17.5 percent rise in quarterly profit on Friday. Strong refining margins and digital growth will likely outweigh retail sector weakness.
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RELIANCE INDUSTRIES LIMITED is expected to report a 17.5% jump in quarterly net profit to 213.48 billion rupees ($2.2 billion) on Friday, driven by strong refining margins. It follows a blockbuster market debut by its digital arm, Jio Platforms, which vaulted the subsidiary to become the second-most valuable listed firm in India. The results will give investors their first detailed look at consolidated earnings since the telecom unit's public listing.
