RIL Q1 PAT seen down 22.7% at Rs 4377.5 cr: Motilal Oswal
Motilal Oswal has come out with its earnings estimates on Reliance Industries for Q1FY13. According to the research firm, company's Q1FY13 sales are likely to go up by 8.9% at Rs 8825.52 crore, Year-on-Year (YoY) basis.
July 18, 2012 / 19:54 IST
Motilal Oswal has come out with its earnings estimates on Reliance Industries for Q1FY13. According to the research firm, company's Q1FY13 sales are likely to go up by 8.9% at Rs 8825.52 crore, Year-on-Year (YoY) basis.
The company's net profit is seen down 22.7% at Rs 4377.5 crore, YoY.OIL & GAS (ex RMs) is likely to report EBITDA/PAT decline of 5%/3% YoY. We expect Reliance Industries to report 25% YoY EBITDA decline, led by lower GRMs and gas volumes. Excluding Reliance, aggregate PAT would actually have grown 9% YoY. ONGC should report 12% YoY PAT growth, led by higher production at Rajasthan. Cairn is likely to report 13% YoY growth in EBITDA and 24% YoY growth in PAT, led by higher oil production and currency depreciation. OMCs' earnings are likely to be volatile given delays in disbursement of under-recoveries. 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!
