Petrochemical major Reliance Industries (RIL) is expected to report standalone profit at Rs 7,266 crore for July-September quarter against Rs 7,548 crore in preceding period, according to average of estimates of analysts polled by CNBC-TV18.
Revenue is seen rising 7.3 percent to Rs 57,384 crore in the quarter ended September 2016 compared with Rs 53,496.0 crore in June quarter.
EBITDA (earnings before interest, tax, depreciation and amortisation) is likely to be at Rs 10,475 crore against Rs 10,817.0 crore and margin may be at 18.3 percent against 20.2 percent on sequential basis.
Operating profit may be impacted by weaker refining margins but that may be partially offset by higher crude throughput and stronger petrochemical margins.
Analysts expect gross refining margin (GRM) at USD 9.5 a barrel in Q2 against USD 11.5 a barrel in Q1FY17 and USD 10.6 a barrel in Q2FY16. Throughput may be higher on sequential basis due to maintenance shutdown in Q1.
Refining segment profit is likely to decline QoQ due to decline in GRMs while petchem profitability may improve due to higher PX & PVC spreads.
Key issues to watch for would be GRM, petchem margins, KG-D6 production and update on telecom venture.
Disclosure: Reliance Industries owns Network 18 that publishes Moneycontrol.com.