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RIL Q2 net profit seen up 1.6% at Rs 5750cr QoQ

Mukesh Ambani group's flagship company Reliance Industries (RIL) is set to report a growth of 1.6% in net profit of Rs 5,750 crore for the quarter ended September 2011 as against Rs 5,661 crore in the previous quarter, according to CNBC-TV18 estimates.

October 14, 2011 / 10:38 AM IST
 
 
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Mukesh Ambani group's flagship company Reliance Industries (RIL) is set to report a growth of 1.6% in net profit of Rs 5,750 crore for the quarter ended September 2011 as against Rs 5,661 crore in the previous quarter, according to CNBC-TV18 estimates.


Sales for the July-September quarter are expected to go down by 1.5% to Rs 79,800 crore from Rs 81,018 crore in the April-June quarter.


Operating profit margin is likely to improve at 12.5% as against 12.25% quarter-on-quarter.


Factors to watch out for

*Modest sequential upside is seen in refining
*Notable decline in Petchem EBIT
*Double whammy on E&P
*KG D6 gross volumes down 8-9% sequentially
*Share in D6 declines to 60% September onwards
*Higher other income, lower depreciation to support bottomline
*Rupee depreciation to aid earnings

first published: Oct 14, 2011 10:28 am

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