Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) is expected to report healthy numbers for the quarter ended March 2024, driven by robust O2C business and healthy growth in the consumer-facing businesses of Jio and retail.
RIL witnessed decent third-quarter earnings for FY23. In Q3, the company posted a consolidated net profit of ₹15,792 crore declining by 14.8% YoY, while revenue from operations climbed by 15% YoY to ₹2.20 lakh crore. EBITDA came in at ₹38,460 crore, up 13.5% on-year.