Will Reliance Industries' quarterly profit scale past Rs 100 billion?

Retail, petrochemicals and telecom businesses expected to do well in March quarter

Textiles to telecom conglomerate, Reliance Industries (RIL) is expected to post its best-ever quarterly consolidated net profit, with the figure expected to be close to Rs 100 billion mark.

The strong quarterly expectations are on the back of its petrochemicals segment performance. In addition, retail and telecom are likely to help the company’s March 2018 quarter (Q4) performance. “The petrochemicals segment is expected to do better due to healthy deltas and strong volume growth,” said analysts at Motilal Oswal Securities, which estimates RIL to clock a net profit of Rs 95.40 billion in Q4.

In a Bloomberg poll, analysts estimated