Prabhudas Lilladher 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 5.1% at Rs 89471.9 crore, Year-On-Year (YoY) basis.
The company's net profit is seen up 13% at Rs 5016.8 crore, YoY. According to the research firm, despite a sharp sequential decline in Singapore GRMs, RIL's refining margins are flat QoQ, on account of absence of fuel oil in RIL’s product basket and higher margins in LPG and Naphtha (on a QoQ basis). Petrochemical segment performance is expected to remain subdued, along with E&P segment, resulting in a ~7% QoQ decline in PAT to ~Rs 50.1bn.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!
