Emkay Global Financial Services has come out with its October-December earnings estimates for the oil & gas sector. The brokerage house expects Reliance Industries to report a 4 percent degrowth quarter-on-quarter (down 4 percent Y-o-Y) in net profit at Rs 5271.4 crore.
Sales of Reliance Industries are expected to decrease by 2 percent Q-o-Q (up 9 percent Y-o-Y) to Rs 102062.2 crore, according to Emkay Global Financial Services.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 4 percent Q-o-Q (down 10 percent Y-o-Y) to Rs 7516.5 crore.
EBITDA margin or operating profit margin is likely to be at 7.4 percent in December quarter as against 7.6 percent in September quarter and 8.9 percent in a year ago period.
Emkay Global Financial Services on Reliance Industries:
We expect RIL’s revenue at Rs 1020 billion, decline of 1.6 percent Q-o-Q. EBIDTA at Rs 75.1 billion, decline of 4.2 percent Q-o-Q and PAT at Rs 52.7 billion, decline of 4 percent Q-o-Q. We expect Gross Refining Margin (GRM) at USD 7.5 per bbl for Q3FY14, decline of 2.5 percent on Q-o-Q.
We have factored in gas production of 12mmscmd as against 14mmscmd in Q2FY14. Sequentially petchem margins have declined on the back of weak demand.
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.
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
