RIL Q2 PAT seen down 5% at Rs 5,419 cr: KR Choksey

KR Choksey has come out with its earnings estimates on Reliance Industries (RIL) for September quarter FY13. According to the research firm, the company's Q2FY13 sales are likely to go up by 18% at Rs 92,713 crore, Year-on-Year (YoY) basis.

October 13, 2012 / 13:26 IST

KR Choksey has come out with its earnings estimates on Reliance Industries (RIL) for September quarter FY13. According to the research firm, the company's Q2FY13 sales are likely to go up by 18% at Rs 92,713 crore, Year-on-Year (YoY) basis.

The company's net profit is seen down 5% % at Rs 5,419 crore, YoY.

Improvement in refining environment particularly expansion in middle distillates would likely enable RIL to clock in better refining margins at ~$9.8/bbl ($7.6/bbl in Q1), Petrochemical margins are flat on Q-o-Q basis. KG-D6 production continues to decline to 29.5mmscmd from 32 mmscmd in Q1. Improving OPM supported by weak rupee which helped to post the better GRM in rupee term.

first published: Oct 13, 2012 01:21 pm

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!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347