Prabhudas Lilladher's research report on Reliance Industries
RIL reported highest quarterly profits in Q3FY17. Results were in‐line with estimates; Standalone EBITDA of Rs106bn (PLe: Rs 108.8bn), PAT of Rs 80.2bn (PLe: Rs 79.3bn). Healthy performance was supported by healthy refining and petrochemicals division along with higher other income from investment sale.
Outlook
RIL project has seen some delays and other 2 phases of Paraxylene project will be commissioned in Q4FY17, the offgas cracker in Q1FY18 and the petcoke gasification project’s full mechanical completion is expected by Q1FY18 end. We maintain our earningss; Reiterate “Accumulate” with a PT of Rs 1,094.
For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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!
