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RIL to announce Q4 numbers today: Revenue expected to grow in double digits

According to JM Financial, PAT is likely to be flattish QoQ due to assumption of higher tax rate at around 13 percent (versus around 1 percent in Q3FY21).

April 30, 2021 / 08:23 AM IST
 
 
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Reliance Industries, the country's largest corporate house by market-capitalisation, is scheduled to announce March quarter earnings on April 30. The consolidated revenue is expected to grow in double digits on a sequential basis, while the profitability may see moderate growth due to sharp surge in tax expenses.

The company is expected to report 6-9 percent QoQ growth in consolidated EBITDA (earnings before interest, tax, depreciation and amortisation), supported by all business segments, including recovery in retail, for the quarter ended March 2021.

"We expect an 8 percent sequential increase in RIL's O2C (oil-to-chemical) business EBITDA driven by higher volumes and margins for both refining and petrochemical segments, and partly offset by a stronger rupee against the US dollar," said Kotak Institutional Equities.

The brokerage has forecast 1 percent QoQ growth in Q4 consolidated profit and 19 percent QoQ rise in consolidated revenue.