RIL Q4 GRM likely to be flat QoQ

By Gautam Broker, Research Analyst at CNBC-TV18

Oil & gas producer Reliance Industries is expected report a profit after tax of Rs 4,300 crore in the January-March quarter of FY12, degrowth of 3.2% as compared to Rs 4,440 crore in the previous quarter, according to CNBC-TV18 poll.
Sales are seen going down by 1% to Rs 84,300 crore from Rs 85,135 crore quarter-on-quarter.
During the same period, operating profit margin is seen declining at 8.1% versus 8.56%.
Poll of analysts expects gross refining margin (GRM) to be largely flat on quarter-on-quarter basis. The company had reported GRM at USD 6.8 a barrel in Q3.
Petchem EBIT is expected to be down over 15% QoQ and production from its D6 block too is expected to decline by over 10% QoQ. Production from D6 block was averaged at 41 mmscmd in the previous quarter and now the poll is that it is likely to be at 36-37 mmscmd in the March quarter. Watch video for further information...