# Reliance Q2 Results LIVE Updates: Muted Earnings Expected Due to Weak Retail and O2C Segments URL: https://technosports.co.in/reliance-q2-results-live-updates/ Published: 2024-10-14 Updated: 2024-10-14 Author: Raunak Saha **[Reliance Industries Limited (RIL)](https://technosports.co.in/tag/reliance-industries-limited/)**, led by billionaire **Mukesh Ambani**, is set to announce its **Q2 FY25 results** today, **October 14, 2024**. The conglomerate, with interests spanning from **oil to telecom**, is likely to report **muted growth** in the **July-September quarter** due to challenges in its **oil-to-chemicals (O2C)** and **retail segments**. Investors and analysts are keenly awaiting the results to gauge the company’s performance across its diverse business verticals. ### **Reliance Q2 Earnings Preview: What to Expect** Analysts expect RIL to report **consolidated revenue growth of 3.3%** in **Q2FY25**, rising from **₹2.31 lakh crore** in **Q1FY25** to approximately **₹2.39 lakh crore** in **Q2FY25**. Although a slight increase in revenue is forecasted, concerns over the company’s profitability remain, with **net profit** and **EBITDA** expected to show only marginal quarter-on-quarter (QoQ) growth. At the company’s **Annual General Meeting (AGM)** in **August 2024**, the board approved a **1:1 bonus share issue**, adding to investor enthusiasm. However, as of today, **RIL’s stock price** is trading relatively flat, reflecting market caution ahead of the Q2 results. ![Campa Cola: Making a Comeback | Owned by Reliance Industries | Relaunching During Diwali](https://technosports.co.in/wp-content/uploads/2022/09/Campa-Cola-Making-a-Comeback-Owned-by-Reliance-Industries-Relaunching-During-Diwali-2-1024x576.jpg) *Reliance Q2 Results* ### **Retail Segment: Flat Growth Expected** The **retail arm of [Reliance](https://www.ril.com/)**, a significant revenue driver, is expected to report only a **0.6% QoQ EBITDA growth**, with **EBITDA** projected at **₹5,700 crore**. Analysts attribute this sluggish growth to factors such as **store rationalization** and the impact of the **heavy monsoon** across India. Despite the temporary challenges, **Isha Ambani**, Director of **Reliance Retail**, remains optimistic. At the AGM, she reiterated the company’s goal of **doubling its retail business** within the next 3-4 years. For FY24, **Reliance Retail** reported gross revenues of **₹3.06 lakh crore**, a **17.8% growth** compared to the previous year. The segment remains a long-term growth driver for the company, with plans to expand its footprint significantly. ![Reliance Q2 Results LIVE Updates: Muted Earnings Expected Due to Weak Retail and O2C Segments](https://technosports.co.in/wp-content/uploads/2023/12/Jio-Gigafiber-1-1000x560-1.jpg) *Reliance Q2 Results* ### **Telecom Segment: Jio’s Steady Performance** Reliance Jio, [RIL’s](https://technosports.co.in/tag/reliance-industries-limited/) **telecom subsidiary**, is expected to continue its robust performance. **Antique Stock Broking** forecasts a **2.8% QoQ growth** in EBITDA, driven by strong results in the telecom segment. Jio’s **ARPU (Average Revenue Per User)** is expected to grow by **7% QoQ**, fueled by a recent **tariff hike**. The subscriber base, though relatively flat due to **SIM consolidation**, is expected to increase marginally. According to **Nuvama Institutional Equities**, Jio’s EBITDA is likely to surge **13% YoY** and **5% QoQ**, further offsetting the minor decline in subscriber numbers. Analysts expect **Reliance Jio** to add **1 million new subscribers** in **Q2**, reaching **491 million subscribers**, with **ARPU** growing to **₹195/month**. ![Here is all you need to know about Reliance Industries will hold its 45th AGM this month](https://technosports.co.in/wp-content/uploads/2022/08/Here-is-all-you-need-to-know-about-Reliance-Industries-will-hold-its-45th-AGM-this-month-2-1024x576.jpg) *Reliance Q2 Results* ### **O2C Segment: Weak Growth Ahead** The **oil-to-chemicals (O2C)** business has been under pressure due to **weak refining** and **petrochemical margins**, leading analysts to project a **27% YoY decline** in EBITDA for this segment. The **O2C EBITDA** could drop by **10% QoQ**, largely impacted by global macroeconomic trends, including flat **Singapore GRMs** and lower **diesel spreads**. Despite these challenges, **Jefferies** forecasts only a **1% EBITDA decline** in the O2C segment compared to the previous quarter, as **higher Russian discounts** and the **resumption of Venezuelan crude imports** could cushion the blow. **Antique Stock Broking** anticipates a **3.1% QoQ drop** in EBITDA but remains hopeful about the segment’s resilience in the face of tough global conditions. ### **Market Reactions Ahead of Results** In the lead-up to the **[Reliance](https://www.ril.com/) Q2 results**, the company**share price** has been relatively steady, settling **0.11% higher at ₹2,745.20** on the **BSE**. While the market remains cautious, analysts are divided over the potential impact of the results. Some experts expect **flat profits**, while others are forecasting a modest dip, ranging from **1% to 13% YoY**, depending on how the **O2C** and **retail segments** perform. ![Mukesh Ambani now ranked 4th on the Top Billionaires List_TechnoSports.co.in Mukesh Ambani net worth](https://technosports.co.in/wp-content/uploads/2020/08/Mukesh-Ambani-now-ranked-4th-on-the-Top-Billionaires-List_TechnoSports.co_.in_-1024x576.jpg) *Reliance Q2 Results* ### **Mukesh Ambani’s Vision: Creating Wealth for India** During the 47th **AGM**, **Mukesh Ambani** addressed shareholders, reiterating Reliance’s commitment to creating long-term value for the nation. He emphasized that Reliance’s goal is not just to pursue short-term profits but to “create wealth for India” through innovation, investment, and leadership across its diverse business segments. Ambani’s statement resonates with the company’s broader mission to drive the Indian economy forward, especially in **telecom**, **retail**, and **energy**. ### **Conclusion: Reliance’s Q2 Results and What’s Next** As **[Reliance Industries](https://technosports.co.in/tag/reliance-industries-limited/)** prepares to announce its **Q2FY25 results**, analysts expect muted growth due to challenges in the **retail** and **O2C segments**. However, with **Reliance Jio** expected to deliver strong numbers, and the company’s long-term outlook remaining positive, investors remain cautiously optimistic. Reliance continues to be a driving force in the Indian economy, with bold plans to expand its retail and telecom businesses while navigating short-term hurdles in its O2C segment. As we await the final results, it’s clear that **Reliance Q2 earnings** will set the tone for the rest of the fiscal year. --- Stay tuned for more updates and a detailed breakdown of Reliance **Q2 FY25 results**.