RIL Q4 net profit seen up 16.8% at Rs 5,500 cr

Mukesh Ambani flagship company Reliance Industries (RIL) is set to report 16.8% growth in its fourth quarter net profit of Rs 5,500 crore as against Rs 4,710 crore in the quarter ended March 2010, according to CNBC-TV18 poll.
 
Sales are likely to go up by 19% to Rs 68,500 crore in the quarter ended March 2011 as against Rs 57,570 crore in same quarter the previous year.

However, operating profit margin is seen declining at 14.75% in January-March quarter 2011 versus 15.87% in same quarter of 2010 and 15.96% in the quarter ended December 2010. On quarter-on-quarter basis, the company's net profit is likely to go up by 7.1% and sales are expected to rise by 14.6%. Expectations -Gross refining margin is seen upwards of USD 9.7 a barrel. -Petchem earnings to continue being at record highs as seen in Q3 -D6 Gas production average is seen closer to 51 mmscmd