Reliance Ind Q1 PAT seen down 23% at Rs 4366 cr: KRChoksey

The company's net profit is seen down 23% at Rs 4366 crore, YoY.

Marginal growth in topline would be the function of higher refining & petchem Volume Sharp fall in GRM to $7.1/bbl on Y-o-Y basis. Improvement in Petrochemical spread on Q-o-Q is positive, higher other income will support Net profit.

Falling Gas output Avg 32 mmscmd in Q1FY13 Vs 36.5mmscmd in Q4FY12. We expect margin intact at same level due to rupee fall , improvement in petrochemical margins, higher output and rising other income