Mukesh Ambani led Reliance Industries (RIL) is set to announce its quarterly earnings for the fiscal year 2024-25 (Q3FY25) tomorrow, January 16. The conglomerate announced this through an exchange filing and said, “… the Board of Directors of the Company is scheduled to be held on Thursday, January 16, 2025, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and nine months ended December 31, 2024.”
Ahead of the Q3FY25 release, let’s take a look at 4 key things to know before the earnings announcement.
Q2FY25 earnings overview
Reliance Industries announced its Q2FY25 results on October 14, 2024. The company reported a consolidated revenue of Rs 258,027 crore, a slight year-on-year (YoY) growth of 0.8 per cent. However, the overall earnings showed some pressure, with EBITDA declining by 2% YoY to Rs 43,934 crore, bringing the EBITDA margin down to 17% from 17.5% a year ago.
The company’s profitability metrics also faced challenges in this quarter. The PBT dropped by 5.5% YoY to Rs 25,037 crore, while Profit After Tax (PAT) decreased by 3.6% to Rs 19,101 crore, compared to Rs 19,820 crore in the same period last year.
RIL stock performance of the company
RIL shares, a day ahead of its Q3 result, are trading on green note at Rs 1,251.45, a 1.13% increase as of 1:53 PM IST today. Over the past month, the stock declined by 1.40%, while its six months and annual returns show dips of 21.61% and 10.22%, respectively. Despite short-term challenges, RIL’s 5-year return of 59.82% indicates its strong long-term growth.
With a market capitalisation of Rs 16.95 lakh crore, RIL still maintains its position as a major market player in the market. The stock’s 52-week high and low as of now stands at Rs 1,608.95 and Rs 1,202.10, respectively. Technical indicators like the 5-day EMA of Rs 1,247.46 suggest steady momentum, while valuation metrics such as a P/E ratio of 24.95 indicate moderate pricing relative to its earnings.
RIL Q3: Expected financial performance
Brokerages expect RIL to post stable YoY earnings for the third quarter of the fiscal year ending , with modest sequential growth. Morgan Stanley predicts a 4% QoQ rise in earnings and EBITDA, but anticipates minimal improvement compared to the same period last year.
On the other hand, Goldman Sachs indicates a 5% QoQ in core EBITDA, though it expects YoY growth to remain subdued, citing strong telecom performance counterbalanced by muted retail growth and challenges in the energy segment.
Furthermore, another brokerage firm, Bernstein offers a more positive outlook, projecting 2025 as a recovery year for RIL. According to Bernstein, telecom growth will likely be supported by a 12% increase in average revenue per user (ARPU) and a slight rise in subscriber numbers, while retail EBITDA is projected to return to double-digit growth, indicating a growth.
RIL Q3 Earnings announcement – When and where to watch
RIL is scheduled to announce its financial results tomorrow, with the disclosure expected at approximately 5:30 PM following the board meeting.
After this, the company will also conduct a presentation post-results. The financial results will be made available on RIL’s official website and can also be accessed on the NSE and BSE websites.
Source: www.financialexpress.com
