RIL, Jio Q3 Earnings Announcement Key Dates, Where to Watch Live Streaming: Mukesh Ambani led-Reliance Industries Ltd (RIL) will announce its fiscal third quarter earnings next week on January 16 (Thursday). The conglomerate will hold its board meeting to consider and approve the standalone and consolidated financial results for the third quarter of FY25 and for nine months ended December 31, 2024.
Brokerage firms maintained their bullish view for the company based on potential rebound in refining margins, another hike in tariff in FY26, return business bouncing back to growth and a potential start of the new energy giga complex.
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RIL will release its fiscal third quarter earnings report on January 16. In a regulatory filing on January 9, RIL had said, “Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, January 16, 2025, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and nine months ended December 31, 2024.”
“A presentation to the analysts and media on financial results of the Company for the quarter and nine months ended December 31, 2024 shall be made on the same day after the meeting,” it added.
While the company traditionally releases its earnings report during the evening time, the exact time for the announcement has not been confirmed yet.
What to expect?
In an analysis report, Goldman Sachs said that RIL is expected to post Q3 core EBITDA growth of 5 per cent on-quarter but will remain largely flat on YoY basis as strong telecom earnings growth is expected to be offset by weakness in energy and more muted retail growth.
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