Oct 19, 2016 11:59 AM IST IST | 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.

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).

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