Jio, retail business to yet again boost RIL’s earnings in Q3: UBS Securities
Assuming a 24% tax rate, UBS estimates RIL’s consolidated net profit to rise 10% sequentially to Rs 15,100 crore but fall 4% YoY.Shares of RIL have given muted returns in the last 5 months as the imposition of windfall gains tax on domestic crude oil and fuel exports clouded the outlook for the mainstay oil-to-chemicals (O2C) business.
