RIL Q4 PAT seen up 31.3% at Rs 5562.4cr: P Lilladher
Prabhudas Lilladher has come out with its earnings estimates on Reliance Industries (RIL) for the March quarter FY13. According to the research firm, the company's Q4FY13 sales are likely to go up by 9.9 percent at Rs 93622.7 crore, year-on-year (YoY) basis.
April 16, 2013 / 16:29 IST
Prabhudas Lilladher has come out with its earnings estimates on Reliance Industries (RIL) for the March quarter FY13. According to the research firm, the company's Q4FY13 sales are likely to go up by 9.9 percent at Rs 93622.7 crore, year-on-year (YoY) basis.
The company's Q4 net profit is seen up 31.3 percent at Rs 5562.4 crore, YoY."RIL's refining margins continue to exhibit strength on the back of sharp rebound in gasoline cracks and continuing strength in middle distillate cracks, although, pegged back a little by a reduction in ultra heavy crude discounts. Q4 refining margins are expected to be USD 10 per barrel versus USD 9.6 per barrel in the last quarter. Petchem segment EBIT is expected to improve on the back of higher polymer prices during the quarter, says Prabhudas Lilladher's research report.Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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 Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
