Reliance Industries Ltd.’s income for the three months ended March missed analysts estimates, whereas its margin contracted.
The corporate’s consolidated backside line rose 9% quarter-on-quarter to Rs 2.61 lakh crore. Analysts consensus forecast tracked by Bloomberg stood at Rs 3.02 lakh crore. Its working margin contracted by 140 foundation factors on a sequential foundation to 16.8%.
The oil-to-telecom conglomerate reported a revenue of Rs 19,407 crore, a rise of 4.7% from the previous quarter, in line with its notification to the exchanges. The analysts tracked by Bloomberg had pegged the underside line at Rs 18,471 crore.
Reliance Industries This fall Outcomes (Consolidated, QoQ)
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Income up 9% to Rs 2.61 lakh crore versus Rs 2.39 lakh crore. (Bloomberg estimate: Rs 3.02 lakh crore)
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Ebitda up 0.1% to Rs 43,832 crore versus Rs 43,789 crore. (Estimate: Rs 43,365 crore)
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Margin contracted by 140 foundation factors to 16.8% versus 18.2% (Estimate: 14.3%).
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Revenue up 4.7% to Rs 19,407 crore versus Rs 18,540 crore. (Bloomberg estimated: Rs 18,471 crore)
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