KRChoksey has come out with its earnings estimates on Reliance Industries (RIL) for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 10% at Rs 94,045 crore, Year-On-Year (YoY) basis.
The company's net profit is seen up 25% at Rs 5569 crore, YoY. Improvement in refining environment particularly expansion in middle distillates would likely enable RIL to clock in better refining margins at ~$9.3/bbl ($6.8/bbl in Q3FY12), Petrochemical margins are flat on Q-o-Q basis. KG-D6 production slightly improved at 35mmscmd from 29 mmscmd in Q2FY13.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!
