Reliance Industries Q1 Results Live Updates: Oil and Gas EBITDA may decline on fall in KG-D6 output
Published on 18/07/2025 12:05 PM
– Revenue seen 3% higher sequentially at ₹30,90 crore
– EBITDA seen at ₹16,600 crore from ₹16,188 crore
– EBITDA margin seen at 53.7% from 53.9% last year
– Net profit seen 5% higher at ₹6,675 crore from ₹6,642 crore
– All numbers set on a sequential basis and as per a CNBC-TV18 poll
– RIL’s Oil and Gas EBITDA is likely to decline from last year due to a natural fall in the KGD-6 production.
– EBITDA is seen 10% lower on year-on-year basis to ₹5,059 crore, according to Jefferies. On a sequential basis, the EBITDA figure is seen 1.2% lower.
O2C EBITDA is likely to increase by 13% from last year, but decline 1.9% on a sequential basis to ₹14,793 crore. This is according to a Jefferies estimate.
Throughput is estimated to be lower at 19.6 million tonnes, down 3% sequentially and 1% from last year, due to the refinery maintenance shutdown in April.
– Margins to see strong improvement
– Throughput to fall due to maintenance
– Singapore GRMs up 81% sequentially and 60% from last year
– O2C to benefit from margin improvement
– O2C business may grow by 19% YoY (up 3.5% QoQ on likely better margins, partly offset by refinery shutdown)
– Jio ARPU is expected to rise 1% QoQ
– Retail Biz EBITDA expansion on the back of JioMart scale up, operating leverage and increasing footfalls
– Reliance’s O2C, digital and retail business likely to see strong growth
– The strength here could be offset by weakness in the Exploration & Production business
Reliance Industries’ operating profit margin is likely to grow by nearly 200 basis points from the previous quarter to 18.7%.
Net profit for the quarter is likely to increase by 16% from the previous quarter to ₹22,024 crore.
The stock has given up early morning gains and has moved into the negative ahead of the results announcement.
However, the stock has risen 20% in the last one month.
A CNBC-TV18 poll expects Reliance Industries to report a 8% decline in its topline to ₹2.41 lakh crore.
Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) may increase by 3% on a quarter-on-quarter basis to ₹44,965 crore.
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