Reliance Industries Q1 net may jump 18% to Rs 5272cr: Emkay

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 Industries We 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.