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Analysts see RIL Q4 Ebitda flat or falling
Financial Express Delhi
|April 24, 2025
BROKERAGES EXPECT EBITDA of Reliance Industries (RIL) to decline sequentially or remain flat due to weaker O2C (oil to chemical) earnings.
"On refining, we expect a sequential decline in our calculated net GRM (gross refining margins) to $9.0/bbl in Q4 driven by weaker Singapore refining product cracks and higher crude premiums, suppressing Asia refining margins," Goldman Sachs said.
The international brokerage expects RIL's Ebitda to come down sequentially due to weak O2C earnings.
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