By Kosaku Narioka
Reliance Industries is scheduled to report fourth-quarter results on Friday. Here is what you need to know:
NET PROFIT: Reliance Industries is expected to post a 0.4% decline in net profit to 188.77 billion rupees, equivalent to $2.21 billion, for the three months ended March, according to a poll of analysts by LSEG. That would compare with 189.51 billion rupees in the year-earlier period.
The stock has risen 6.2% this year through Tuesday, following a 6.0% drop in 2024.
WHAT TO WATCH:
--Oil-to-chemicals earnings before interest and taxes rose 6.9% from a year earlier to 128.19 billion rupees in its third quarter. Investors will be focusing on any further growth in the conglomerate's biggest segment by revenue.
--At its mobile and digital services business, subscriber numbers grew 2.4% to 482.1 million in the third quarter, and the average monthly revenue per user rose 12% to 203.3 rupees. Investors will be closely watching the performance of the fast-growing segment.
--Third-quarter finance costs increased 6.7% to 61.79 billion rupees, while its debt-service coverage ratio deteriorated to 2.17 from 2.95 a year earlier. Investors will be paying attention to the company's debt burden.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
April 23, 2025 06:30 ET (10:30 GMT)
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