Prabhudas Lilladher 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 18.3% at Rs 85950.5 crore, Year-on-Year (YoY) basis.
The company's net profit is seen down 29.4% at Rs 3794.7 crore, YoY.
Prabhudas Lilladher estimates on Reliance Industries for Q4FY12:
On the back of declining GRMS during the quarter, RIL is likely to report weak set of numbers. Benchmark Singapore GRMs have averaged at USD 7.4/bbl. We expect GRMS of USD 6.0/bbl for RIL during the quarter.
Weakness in the Dubai-AH spreads is likely to adversely impact the spreads over benchmark GRMs. Rupee depreciation (on YoY basis) and higher other income are likely to help matters during the quarter.
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