ril shares: Q1 results today: RIL, Wipro, Paytm among 51 companies to announce earnings on Friday

Investors can also watch out for the results of BPCL, CreditAccess Grameen, Fedbank Financial, Indian Hotels, JSW Energy, Jubilant Pharmova, Blue Dart, PVR Inox, Vipul Organics among others.

RIL Q1 expectations

Reliance Industries (RIL) is expected to report a consolidated profit after tax (PAT) in the range of Rs 14,999 crore to Rs 19,084 crore for the quarter ended June 30, 2024. The revenue for the reporting quarter could be anywhere between Rs 231,463-2,22,254 crore according to the estimates from four brokerages.While Nuvama has the most conservative net profit estimates at Rs 14,999 crore for the April-June quarter, Yes Securities remains most bullish on RIL’s prospects on this parameter, pegging it at Rs 19,084 crore. In the latter case, a PAT growth of 4.5% is seen in Q1FY25. On the other hand, Nuvama expects PAT to decline by 6.3% while JM Financial and Kotak Institutional Equities see a 3.9% and 1.2% climbdown.

RIL’s O2C could act as a major drag on its overall revenue and profit owing to a decline in its gross refining margin (GRM) driven by a sharp fall in diesel and petrol prices.

Wipro Q1 expectations

IT services company Wipro is expected to report muted revenues for the first quarter ended June 2024, mainly due to macro impact and continued softness in verticals.Revenue for the first quarter is likely to decline 2% year-on-year, according to an average estimate of four brokerages. Meanwhile net profit is seen growing around 4% year-on-year.

Key things to watch out for in the earnings card include commentary on consulting business (particularly in BFSI vertical), large deal pipeline and outlook on client discretionary spend.

Paytm Q1 expectations

One 97 Communications, which operates payments platform Paytm, is expected to report a net loss between Rs 1,013 crore and Rs 840 crore for the quarter ended June according to the estimates by a couple of brokerages. The revenue for the reporting quarter is expected in the range of Rs 1,532 crore and Rs 1,490 crore, the estimates revealed.

The revenue hit could be to the tune of 34.5-36%, the estimates by Motilal Oswal Financial Services (MOFSL) and Yes Securities said.

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