Mukesh Ambani-led Reliance Industries (RIL) may report mixed numbers for the third quarter of 2022-23, consensus estimates by Bloomberg show.
Analysts expect RIL's Q3 earnings to be declared next week; the company is yet to disclose the date to stock exchanges.
According to analysts at UBS, Morgan Stanley, CLSA, and Goldman Sachs, Q3 earnings would be led by RIL's telecom and retail businesses, while a sequential recovery in the oil-to-chemicals (02C) division might be partly offset by fuel export taxes and a weak petrochem margin.
The average price of Brent crude oil between October and December 2022 was around $88 per barrel. This was 11 per cent lower than the average Brent crude price in the July-September (2022) period, RESULTS PREVIEW Brent crude was $79 Bloomberg data shows. A year ago, the average price of per barrel.
This story is from the January 11, 2023 edition of Business Standard.
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This story is from the January 11, 2023 edition of Business Standard.
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