Petchem to support RIL earnings; analysts expect refining margins to soften

RIL will announce its financial performance for Q1 on Friday, & the street will look for more details on the rollout and investment of the home-to-fibre, which the company announced earlier this month

Oil to telecom major Reliance Industries (RIL) is expected to report a steady performance for the quarter ended June 30. This would be on the back of higher petrochemical volumes, expected to 

partly offset a softening in the refining segment.

In the new-age businesses of retailing and telecom (digital services), analysts expect earnings to slow down as compared to the March quarter.

RIL will announce its financial performance for Q1 on Friday. With its recent announcement on home-to-optic fibre at the company's annual general meeting (AGM) earlier this month, the Street will look for more details on rollout and investment.

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