RIL Q2: Analysts see 20% QoQ growth in PAT

By Gautam Broker, Research Analyst at CNBC-TV18

Mukesh Dhirubhai Ambani group's flagship company Reliance Industries' profit after tax is likely to grow by 20 percent to Rs 5,370 crore in the quarter ended September 2012 from Rs 4,473 crore in the previous quarter. Sales are expected to increase by 1.5% quarter-on-quarter to Rs 93,250 crore in the second quarter of current financial year. Operating profit margin is seen rising by 146 basis points to 8.8 percent during the same period. Investors should watch out for gross refining margins (GRMs). Singapore Complex saw a high of over USD 11 a barrel in August and on an average the benchmark was up over 37% quarter-on-quarter. Analysts on an average expect the Reliance Industries' GRMs to be up by 25% QoQ to USD 9.5 a barrel in the July-September quarter.