Rel Inds Q1 profit seen down 12% at Rs 6460.4 cr: Motilal Oswal

Motilal Oswal has come out with its first quarter (April-June) earnings estimates for the Oil & Gas sector. The brokerage house expects Reliance Inds to report a 11.7 percent degrowth quarter-on-quarter (up of 2.3 percent year-on-year) in net profit at Rs 6460.4 crore.Sales are expected to increase by 21.3 percent Q-o-Q (down 7.9 percent Y-o-Y) to Rs 60621.1 crore, according to Motilal Oswal.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 11 percent Q-o-Q (up 2.6 percent Y-o-Y) to Rs 9550.8 crore.Motilal Oswal's report on Reliance IndsWe expect RIL to report GRM of USD9.5/bbl (v/s USD10.4/bbl in1QFY16 and USD10.8/bbl in 4QFY16. RIL’s refining segment profit is likely to decline Q-o-Q due to declinein GRMs. Petchem profitability is expected to increase Y-o-Y (flat Q-o-Q) led by improved petchem margins.We expect RIL to report standalone PAT of RS 64.5b (flat Y-o-Y, -12%Q-o-Q). Reported consolidated numbers would include shale gas business, but with a one-quarter lag.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.