Reliance Industries Ltd's first-quarter earnings could bear the impact of the second wave across its businesses, according to analysts, with core earnings and Ebitda expected to rise marginally on a quarterly basis. A year ago, consolidated net profit was at ₹13,248 crore and consolidated net sales were at ₹100,929 crore, respectively. A Bloomberg poll of four brokers estimates its stand-alone net sales at ₹1.26 trillion and a poll of two brokers expects the stand-alone net profit to come in at ₹7660.50 crore. On the retail front, analysts expect the second wave led lockdowns to have an impact on retail revenues – especially the apparel and electronic segments. With declining revenue, we also expect Ebitda margin to be down quarter on quarter to 7.5% leading to Ebitda down 28% quarter-on-quarter.

Source: Mint July 21, 2021 13:39 UTC