RIL Q4 PAT seen down 22% at Rs 4210 cr: KRChoksey
KRChoksey has come out with its earnings estimates on Reliance Industries for March FY12. According to the research firm, company's Q4FY12 sales are likely to go up by 20% at Rs 90,639 crore, Year-on-Year (YoY) basis.
April 12, 2012 / 14:29 IST
KRChoksey has come out with its earnings estimates on Reliance Industries for March quarter FY12. According to the research firm, the company's Q4FY12 sales are likely to go up by 20% at Rs 90,639 crore, Year-on-Year (YoY) basis.
The company's net profit is seen down 22% at Rs 4,210 crore, YoY.KRChoksey estimates on Reliance Industries for Q4FY12:Topline growth is a function rise in product prices. Gradual fall in GRM to USD 6.5/bbl on the back of falling refining margins on Kerosene & LPG and margins Diesel are tappered. Fall in petchem margins 6% Q-o-Q and 17% on Y-o-Y.Falling Gas output (Avg 35.5 mmscmd in Q4FY12). Q-O-Q decline in margins mainly due to lower output of Gas from KG D6 block (35.5 mmscmd), Continious pressure on Rfining and petchem spread.Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. 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!
