RIL Q1 Results 2024 Live Updates: A day following the Demerger of it’s financial services unit. Reliance Industries Ltd. (RIL) is scheduled to present it’s April-June quarter results for the current fiscal today. RIL has previously stated that it will discuss paying a dividend to it’s shareholders on July 21 along with the release of it’s quarterly results at it’s board meeting. For the most recent information on Q1FY24 earnings from the top oil to telecom conglomerate in the nation, keep an eye on our RIL Q1 Results live blog.
According to predictions by Morgan Stanley, Reliance Industries’ EBITDA and net profit may decline by 0.5% and 19% QoQ, respectively. reduced diesel margins, which are offset by greater chemical margins and reduced ethane costs, will be a major factor in these losses. Consumer retail could have some margin increase as well as consistent, on-trend EBITDA growth.
Despite the huge adjustment in refining margins, RIL should expect an Oil to Chemicals EBITDA loss of only 4% QoQ. According to our estimates, RIL’s GRM will be $11.5/bbl for Q1FY24 (-15% QoQ), which is significantly closer to its peer trend line than the previous nine months of relative underperformance.