Reliance Industries Q1 net may jump 18% to Rs 5272cr: Emkay
Emkay Global Financial Services expects Reliance Industries (RIL) to report a 6 percent degrowth quarter-on-quarter (growth of 18 percent year-on-year) in net profit at Rs 5271.9 crore.
July 18, 2013 / 18:08 IST
Emkay has come out with its first quarter (April-June) earnings estimates for oil & gas sector. The brokerage house expects Reliance Industries (RIL) to report a 6 percent degrowth quarter-on-quarter (growth of 18 percent year-on-year) in net profit at Rs 5271.9 crore.
Revenues are expected to decrease by 1 percent Q-o-Q (down 10 percent Y-o-Y) to Rs 83078.4 crore, according to Emkay.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 6 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 7349.9 crore.Emkay report on Reliance IndustriesWe expect RIL's revenue at Rs 830 billion, decline of 1.3 percent Q-o-Q. EBIDTA at Rs.73 billion, decline of 6.1 percent Q-o-Q and PAT at
Rs 52.7 billion, decline of 5.7 percent Q-o-Q. We expect gross refining margin (GRM) at USD 8.5 per barrel for Q1FY14, decline of USD 1.5/barrel on Q-o-Q basis. We have factored in gas production of 15mmscmd as against 19mmscmd in Q4FY13. Sequentially petchem margins have improved with increase seen cracker, PE and polyester margins. 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!
