Reliance Industries to announce Q2 results next week; check key details

The company informed the stock exchanges about its results for Q2FY25 in a filing.

"A meeting of the Board of Directors of the Company is scheduled to be held on October 14, 2024, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and half year ended September 30, 2024," the company said on Monday.

The company informed the stock exchanges that it would present RIL's financial results to analysts and the media soon after the board meeting.

Here’s how RIL performed in Q1FY25

RIL reported a net profit of ₹15,138 crore in the first quarter of FY25, down 5.4% year-on-year from the numbers reported in the corresponding quarter of the previous fiscal. The company posted a profit of ₹16,011 crore in Q1FY24.

The net profit in Q1 was 20% lower quarter-on-quarter in comparison to the record ₹18,951 crore earnings in the preceding three months ended March 31.

The oil-to-retail-to-telecom conglomerate's revenue from operations increased 12% year-on-year (YoY) to ₹2.36 lakh crore in the period under review.

The surge in revenue was led by the O2C segment, boosted by higher oil and product prices tracking a 9% increase in Brent crude oil prices and higher volumes supported by strong domestic demand.

Oil-to-chemical (O2C) segment revenue increased by 18.1% YoY to ₹1,57,133 crore. Despite the higher revenue, EBITDA for the O2C segment declined 14.3% YoY to ₹13,093 crore.

RIL share price

Shares of Reliance Industries Ltd ended Tuesday's trade 2.1% higher at ₹2,798.95 apiece on the NSE, ending a 5-day losing streak.

Shares of Reliance Industries Ltd have slipped over 5.8% in the last six months. On a year-to-date basis, the stock has given returns of 8.06%, and 21.7% in the last one year.

Q2 results to watch out for next week

The September quarter results season is set to kick start with several blue chip companies ready to release their financial results for Q2FY25. Tata Group's Tata Consultancy Services (TCS) is set to release its Q2 earnings on October 10. Top IT companies like Infosys, Wipro and HCL Tech, along with many other blue-chip companies are scheduled to release their Q2 results next week.