Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
July tariff boost to lift Jio in Q4
Financial Express Pune
|April 24, 2025
RELIANCE JIO, THE telecom arm of Reliance Industries Limited, is expected to continue benefitting from the July 2024 tariff hikes in the fiscal fourth quarter, unlike peers Bharti Airtel and Vodafone Idea, analysts said while giving Q4FY25 growth estimates for the telecom sector.
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.
However, Goldman Sachs is bullish on RIL's refining margins over the medium term as nearly 1.0 mn bpd of global refinery capacity is likely to close permanently through CY25, driving refining utilisation rates and refining margins to go back towards the upper end of historical levels.
On petchem, it sees a longer recovery trajectory for margins, especially for olefins and certain aromatics, due to unresolved supply and demand issues.
This story is from the April 24, 2025 edition of Financial Express Pune.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Pune
Financial Express Pune
'Expect ROA to touch 1% by FY27'
With net profit growing at 23%, UCO Bank MD & CEO Ashwani Kumar said he expects return on assets (ROA) to reach 1% by the end of FY27.
1 mins
April 28, 2026
Financial Express Pune
Prada seeks to mend ties with India-made sandals
PRADA IS LAUNCHING a limited-edition range of India-made sandals inspired by traditional Kolhapuri footwear, less than a year after the Italian luxury group faced a backlash for showcasing similar designs without crediting their origins.
1 min
April 28, 2026
Financial Express Pune
Infrastructure is shaping Pune's residential landscape
PUNE HAS ALWAYS been known as a city that offers both opportunity and quality of life.
2 mins
April 28, 2026
Financial Express Pune
Freight surge & coal shock push steel prices up 6%
A SHARP SPIKE in freight rates, supply disruptions in Australia and rising fuel costs linked to the West Asia crisis have converged to push up coking coal prices
1 mins
April 28, 2026
Financial Express Pune
Sun seals $11.75-bn deal for Organon
INDIA'S LARGEST DRUG-MAKER Sun Pharmaceutical Industries said on Monday that it will acquire US based Organon & Co, a firm as big as itself, in an all-cash deal for an enterprise value of $11.75 billion.
3 mins
April 28, 2026
Financial Express Pune
Togo-flagged tanker with 12 Indian crew hit by Iran
A TOGO-FLAGGED CHEMICAL tanker carrying Indian seafarers was intercepted by the Iranian coast guard near the Strait of Hormuz, with warning shots fired, even as officials confirmed that all crew members are safe.
1 min
April 28, 2026
Financial Express Pune
India's JV urea unit in Russia to be ready in two years
INDIA'S JOINT VENTURE (JV) urea manufacturing project with Russia is likely to be completed in next two years, according to a senior official with Indian Potash (IP) said.
1 min
April 28, 2026
Financial Express Pune
Trade pact with US, EU in next few months: Goyal
INDIA WILL SOON sign trade agreements with the US and European Union (EU), Commerce and Industry Minister Piyush Goyal said Monday.
1 min
April 28, 2026
Financial Express Pune
NHAI debt declines below ₹2 lakh crore
Borrowing freeze, prompt repayment lower burden
1 min
April 28, 2026
Financial Express Pune
Amazon Now set to expand to 100 cities
AMAZON INDIA IS accelerating its quick-commerce push, with plans to expand Amazon Now to 100 cities across the country with more than 1,000 micro-fulfilment centres, as competition intensifies in rapid delivery and urban convenience retail.
1 min
April 28, 2026
Listen
Translate
Change font size