Key Points of Reliance Industries Q4 FY23 Results Prediction:
- Reliance Industries to unveil its Q4 FY23 results on April 21, 2023
- Analysts predict a strong quarter despite a 7% decline in stock since the beginning of 2023
- Revenue is expected to rise by approximately 8.5% compared to the previous quarter
- EBITDA may increase by approximately 5.2%, but margins may be slightly under pressure
- Strong performances in the oil-to-chemicals segment contributed to the quarter’s recovery
- Reliance Jio’s growth has slowed, potentially resulting in the lowest profitability growth in the past seven quarters
- Anticipated sequential growth of approximately 6% in the retail segment
- A diversified business portfolio and strategic focus on expanding core operations provide promising prospects for future growth.
Details of Reliance Industries Q4 FY33 Results Prediction:
Reliance Industries to Report Q4 FY23 Results, Anticipated Sequential Recovery with Strong Oil-to-Chemical Segment
Mumbai, India – Reliance Industries, one of India’s largest conglomerates, is scheduled to unveil its Q4 FY23 results on April 21, 2023. The company’s stock has seen a decline of 7 percent since the beginning of 2023, but analysts are predicting a strong quarter this time around.
Revenue is expected to rise by approximately 8.5 percent compared to the previous quarter, while EBITDA may increase by approximately 5.2 percent. However, margins may be slightly under pressure compared to Reliance’s previous quarter’s performance. Profit is expected to increase by 12 percent to approximately Rs 17,700 crore.
Reliance Industries has seen promising performances from both its consumer and commodity businesses. Its oil-to-chemicals segment has been a major factor contributing to the quarter’s recovery. Analysts anticipate a sequential recovery for several reasons, including a lower windfall tax and a stronger base gross refining margin that could aid this segment.
Singapore’s gross refining margins have improved to $8.2 per barrel in Q4, compared to $6.3 per barrel in the previous quarter, and demand has increased due to China’s reopening, resulting in improved numbers.
In the consumer-facing businesses, Reliance Jio’s growth has slowed, resulting in moderate revenue and profitability growth that could potentially be the lowest in the past seven quarters. The average revenue per user is expected to remain steady at Rs 178 this quarter. The slowdown can be attributed to various reasons, but the primary reason is the absence of a tariff hike.
Reliance Industries retail segment is anticipated to experience sequential growth of approximately 6 percent, amounting to slightly over Rs 46,650 crore. On the EBIT side, the street expects around Rs 3,800 crore compared to Rs 3,600 crore in the previous quarter, on a sequential basis.
Despite a possible slowdown in some businesses such as RIL Jio, the expected decent growth could be offset by good growth in the oil-to-chemical space. The company’s diversified business portfolio and strategic focus on expanding its core operations provide promising prospects for future growth.
About Reliance Industries:
Headquartered in Mumbai, Reliance Industries Limited is a multinational conglomerate with diverse business interests in areas such as energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles.
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