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Jan 08, 2013, 12.40 PM IST
Angel Broking has come out with its earnings estimates on Reliance Industries (RIL) for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 5.7% at Rs 89,981 crore, Year-On-Year (YoY) basis.
Angel Broking has come out with its earnings estimates on Reliance Industries (RIL) for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 5.7% at Rs 89,981 crore, Year-On-Year (YoY) basis.
The company's net profit is seen up 15% at Rs 5108 crore, YoY. For RIL, expect the top-line to increase by 5.7% yoy on account of higher prices of petrochemicals. However, its operating profit is expected to decrease by 0.8% yoy mainly due to decline in production from the KG D6 block. Nevertheless, its PAT is expected to increase by 15.0% yoy mainly due to increase in other income.
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