Morgan Stanley projects 11% earnings CAGR for RIL by FY28

3 Nov 2025 · 10:03 ISTmarket hours1 source ↓written by the desknot a recommendation

from FY25: 11% earnings CAGR

Reliance Industries Ltd is expected to achieve an 11% earnings CAGR from FY25 to FY28, according to Morgan Stanley. This growth is driven by improved O2C margins, strong retail momentum, and anticipated tariff hikes in telecom. Strategic partnerships, particularly with Google Cloud, are set to enhance RIL's digital capabilities and monetization strategies.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 3 Nov 2025, 10:03 IST.

Sourcesnews.google.com

RIL
Energy
Telecom

15 AugRIL and Rolls-Royce form JV for combat engine developmentHighReliance Industries and Rolls-Royce announced a joint venture to develop a combat engine for India's AMCA programme. They will also explore creating an Aerospace Gas Turbine Complex to boost indigenous power and propulsion technology.
15 AugRIL and Rolls-Royce form JV for combat engine developmentHighReliance Industries and Rolls-Royce announced a joint venture to develop a sovereign combat engine for India's AMCA programme. They will also explore an Aerospace Gas Turbine Complex, enhancing India's defense manufacturing capabilities.
17 JulRIL Q1 earnings preview shows strong growth expectationsMediumReliance Industries Limited is expected to report Q1 FY27 results on 17 July, with revenue projected between ₹3.09 trillion and ₹3.2 trillion. Net profit estimates range from ₹19,700 crore to ₹24,593 crore, driven by strong performances in telecom, retail, and O2C sectors.
6 MayReliance Industries plans refinery unit shutdown for maintenanceMediumReliance Industries plans to shut down a refinery unit in Gujarat with a capacity of 3.3 lakh barrels per day for maintenance, expected in June. This decision comes amid ongoing shortages of crude derivatives, impacting market dynamics.
29 AprED attaches ₹3,034.9 crore assets in Reliance Communications caseHighThe Enforcement Directorate provisionally attached assets worth ₹3,034.9 crore in the Reliance Communications bank fraud case, raising total attachments linked to the Reliance Anil Ambani Group to over ₹19,344 crore. This includes shares of Reliance Infrastructure Ltd valued at ₹7.71 crore.
17 MarRIL signs $3 billion green ammonia supply deal with Samsung C&THighReliance Industries Ltd. signed a $3 billion long-term supply agreement with Samsung C&T for green ammonia over 15 years, starting in H2 FY2029. This positions India as a significant player in the clean energy sector under the National Green Hydrogen Mission.

Morgan Stanley projects 11% earnings CAGR for RIL by FY28

Related