Nuama predicts Reliance's Q2 EBITDA to rise 17% to ₹53,700 crore

TV9 Hindi · stocks

Brokerage firm Nuama Research anticipates RIL July-September quarter results to be strong, projecting a 17% year-on-year increase in consolidated EBITDA to ₹53,700 crore. Profit after tax (PAT) is expected to grow 15% to ₹20,900 crore, driven by improved refining margins. The Oil-to-Chemicals (O2C) business is predicted to see a significant 38% EBITDA jump to ₹20,700 crore. Nuama maintains a 'Buy' rating on RIL shares with a target price of ₹1,766.