Reliance Q4 net seen at Rs 7000 cr, GRMs likely at $10.8/bbl

Reliance Industries is expected to report net profit at Rs 7000 crore in January-March from Rs 7218 crore in last quarter. According to a CNBC-TV18 poll, gross refining margins (GRMs) in Q4, may moderate to USD 10.8 per barrel from USD 11.5 per barrel.

During the quarter, petro chemical EBIT is likely to be down 1 percent at Rs 2620 crore against Rs 2639 crore on sequential basis. Refining EBIT may be 4 percent lower at Rs 6233 crore versus Rs 6491 crore (QoQ).

For the full year, Reliance Industries' profit may be at Rs 27100 crore against Rs 22719 crore.Reliance Industries owns Network 18 Media & moneycontrol.com