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    HomeNewsBusinessEarningsReliance Ind Q1 PAT seen down 23% at Rs 4366 cr: KRChoksey

    Reliance Ind Q1 PAT seen down 23% at Rs 4366 cr: KRChoksey

    KRChoksey 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 7% at Rs 86,982 crore, Year-on-Year (YoY) basis.

    July 18, 2012 / 19:39 IST

    KRChoksey 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 7% at Rs 86,982 crore, Year-on-Year (YoY) basis.

    The company's net profit is seen down 23% at Rs 4366 crore, YoY.

    Marginal growth in topline would be the function of higher refining & petchem Volume Sharp fall in GRM to $7.1/bbl on Y-o-Y basis. Improvement in Petrochemical spread on Q-o-Q is positive, higher other income will support Net profit.

    Falling Gas output Avg 32 mmscmd in Q1FY13 Vs 36.5mmscmd in Q4FY12. We expect margin intact at same level due to rupee fall , improvement in petrochemical margins, higher output and rising other income

    first published: Jul 18, 2012 07:37 pm

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