RIL may post 31% YoY jump in Q4 PAT on robust GRMs: Poll
Reliance Industries (RIL) is likely to post 30.8 percent year-on-year jump in its Q4 net profit to Rs 5540 crore. Revenues will also climb 7.6 percent to Rs 91,673 crore YoY, according to CNBC-TV8 poll.
Reliance Industries (RIL) is likely to post 30.8 percent year-on-year (YoY) jump in its Q4 net profit to Rs 5540 crore. Revenues will also climb 7.6 percent to Rs 91,673 crore YoY, according to CNBC-TV8 poll.
RIL will post Q4 and FY13 numbers on April 16. Read This: RIL could touch Rs 800 after Q4 results: Tulsian
Analysts on an average expect RIL to post over 25 percent YoY growth in gross refining margins (GRMs) to USD 9.6/bbl. GRM is the difference between the cost of refining crude oil and the price at which the end product is sold.
Brokerages also expect marginal recovery in the company's petchem segment driven by strong margins across products in both the olefin and polyester chains.
However, exploration and production (E&P) segment will continue to be a drag due to declining output from its flagship project in KG-D6 basin. The company has in the past shut around nine wells due to water and sand ingress affecting production.
Here a snapshot of what each brokerage expects of RIL in Q4
BRICS expects RIL's Q4 PAT to grow 23.6 percent YoY to Rs 5236.5 crore. Revenues may increase 6 percent YoY to Rs 90318 crore. The firm expects 25 percent YoY growth in GRMs at USD 9.5/bbl. KG-D6 output will further dip to 18 million standard cubic metres per day (mmscmd.)
Nomura expects RIL's net profit to grow 30 percent YoY to RS 5520 crore. GRMs are likely to be robust at around USD 10/bbl. E&P segment will show further decline, it said.
IIFL expected RIL's Q4 profit to rise 31 percent YoY to Rs 5535 crore on improved refining margins and slight recovery in petchem segment, while KG-D6 output will continue to disappoint. Sales will also grow 12 percent YoY to Rs 95584.2 crore, expects the brokerage.
Prabhudas Lilladher expects RIL's March quarter PAT to grow 31 percent YoY to Rs 5560 crore. Sales are also likely to rise 10 percent to Rs 93622 crore. GRMs for the quarter is expected to be around 10/bbl.
Antique Broking expects RIL's Q4 profit to be around Rs 5500 crore, (almost flat quarter-on-quarter) Higher GRMs at 9.8/bbl will be offset by lower KG-D6 output.