The flagship company of Reliance Group, Reliance Industries (RIL) is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up by 29.7% to Rs 5,200 crore in Q3FY11 as against Rs 4,008 crore in same quarter of previous financial year and seen up by 5.6% from Rs 4,923 crore in previous quarter.
Sales are seen going up by 9.9% to Rs 62,500 crore from Rs 56,856 crore on year-on-year basis and seen up by 8.7% from Rs 57,479 crore on quarter-on-quarter basis.
Operating profit margin is also seen improving at 15.85% versus 13.8% (YoY) but seen declining versus 16.35% (YoY).
Factors to watch
* Strength in refining & petchem to offset lower E&P EBIT
* GRM
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