INSUBCONTINENT EXCLUSIVE:
under pressure for the remaining of the current financial year, according to analysts and company executives
cent year-on-year increase in revenue to Rs 1.55 trillion
However, earnings before interest, tax, depreciation, and amortisation (Ebitda) for the segment dropped 23 per cent to Rs 12,413 crore, with
a 300-basis point reduction in Ebitda margins
Terming Q2 a challenging quarter, analysts at Morgan Stanley said they expect cyclical challenges in retail and refining to ease in 2025,
Analysts at HSBC agreed, observing that O2C is expected to remain subdued due to weak macroeconomic conditions and new capacity
such as Jefferies, have further reduced their Ebitda estimates for the O2C business, citing declining diesel demand in China and
remain optimistic, viewing the commencement of new energy operations as a potential catalyst for RIL in the coming months
