Retail, telecom likely to boost RIL Q3 numbers; petchem set to remain weak

Oil-to-telecom conglomerate Reliance Industries (RIL) is likely to see a flat quarter (Q3) in the October-December period.

The petrochemicals (petchem) unit’s performance may remain weak while retail and telecom segments are likely to gain further.

RIL will announce its results for the quarter ended December 2019 on Friday. In a Bloomberg poll, 10 analysts estimated revenue of Rs 1.45 trillion and net profit of Rs 11,435 crore for the third quarter on a consolidated basis.

For the quarter ended December 2018, the company reported a consolidated net profit of Rs 10,251 crore and consolidated revenue was at Rs 1.71 trillion.