Reliance Industries Q2 PAT seen down 3% to Rs 7549 cr: Religare

Net Sales are expected to decrease by 0.8 percent Q-o-Q (down 12.7 percent Y-o-Y) to Rs 53085.9 crore, according to Religare.
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Oct 19, 2016, 11.59 AM | Source: Moneycontrol.com

Reliance Industries Q2 PAT seen down 3% to Rs 7549 cr: Religare

Net Sales are expected to decrease by 0.8 percent Q-o-Q (down 12.7 percent Y-o-Y) to Rs 53085.9 crore, according to Religare.

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Reliance Industries Q2 PAT seen down 3% to Rs 7549 cr: Religare

Net Sales are expected to decrease by 0.8 percent Q-o-Q (down 12.7 percent Y-o-Y) to Rs 53085.9 crore, according to Religare.

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, Religare Retail Research |

Religare has come out with its second quarter (July-September) earnings estimates for the India Energy sector. The brokerage house expects Reliance Industries to report net profit at Rs 7549.5 crore, down 3.3 percent quarter-on-quarter.

Net Sales are expected to decrease by 0.8 percent Q-o-Q (down 12.7 percent Y-o-Y) to Rs 53085.9 crore, according to Religare.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 4.6 percent Q-o-Q (up 15 percent Y-o-Y) to Rs 11310 crore.

Religare's report on Reliance Industries

Overall earnings to remain flat QoQ at Rs 75bn (+15% YoY). EBITDA to improve 4.5% QoQ to Rs 113bn on higher petchem earnings. Petchem EBIT could surge 10% QoQ to Rs 32bn on better spreads and higher production.

GRMs to decline QoQ to US$ 10.5/bbl on lower light distillate spreads. Refining EBIT expected to decline to Rs 59bn (-11% QoQ).

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

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Reliance Industries Q2 PAT seen down 3% to Rs 7549 cr: Religare

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