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With a weak rupee at play, RIL to post Q2 profits, stock up

Reliance Industries, which will post its July-Sept results on Saturday is likely to benefit from a stronger refinery margin and a weak rupee, say analysts. However, falling gas output from its KG-D6 oil fields and margin pressure in the petrochemicals business means it will be hardly able to maintain its performance Year-on-Year (y-o-y)

October 14, 2011 / 04:19 PM IST
 
 
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Reliance Industries (RIL), which will post its July-Sept results on Saturday is likely to benefit from a weak rupee and a stronger refinery margin, say analysts. However, with falling gas output from its KG-D6 oil fields and margin pressure in the petrochemicals business, the energy giant will be hardly able to maintain its performance year-on-year (YoY).


Going by atleast four brokerages estimates, the country's largest private sector company by market capitalisation will post a 15-18% increase in its net profit and its revenues are also expected to go upto by around 38-40%.

Ajay Parmar, head of institutional research, Emkay Global Financial Services told moneycontrol.com, "A decline in the value of the rupee against the dollar is definitely a positive trigger for RIL, as 60% of revenues are from exports.

first published: Oct 14, 2011 10:47 am

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