Reliance Industries Ltd (RIL) shares rose over 1% to Rs 2,517 on the BSE in Q1FY23. In the morning trade, the shares quoted 0.99 per cent higher at Rs 2,512, against a 0.5-per cent gain in the S&P BSE Sensex.

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RIL has to report strong numbers in Q1FY23, driven by robust oil earnings. According to Bloomberg,” the company is expected to post a consolidated net profit of Rs 21,615 crore on net sales of Rs 2.25 trillion. Earnings before interest, tax, depreciation, and amortisation (Ebitda) will likely come in at Rs 38,474 crore.