Key issues to watch out for would be GRM, petrochemical margin, telecom subscribers, future capex, and interest cost & depreciation.
Key segments, which expect to drive growth for the company, are retail and telecom.
Net Sales are expected to decrease by 0.7 percent Y-o-Y (down 16.7 percent Q-o-Q) to Rs. 86,598.8 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 35 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 158,057.6 crore, according to Kotak.
Net Sales are expected to increase by 20 percent Y-o-Y (up 1 percent Q-o-Q) to Rs. 100,655.4 crore, according to Kotak.
The oil-retail-to-telecom giant reported a better-than-expected 7.7 percent sequential growth in third quarter consolidated net profit at Rs 10,251 crore, driven by other income as well as telecom and retail segments.
Most analysts expect gross refining margins at around $8.5-9 a barrel for the quarter ended December 2018
Net Sales are expected to increase by 39 percent Y-o-Y (down 3 percent Q-o-Q) to Rs. 1,38,890.7 crore, according to Kotak.
Net Sales are expected to increase by 24 percent Y-o-Y (down 6 percent Q-o-Q) to Rs. 90,737.3 crore, according to Kotak.
Jio continued to impress with quarterly performance and despite strong competition, operating revenue increased and the company sustained operating margins as well.
Revenue is expected to grow robustly at more than 20 percent but due to margin headwinds and extended provisioning requirements of corporate lenders, bottom-line improvement is slow
Most brokerages have maintained their rating but raised their 12-month target price on RIL
Jio continued to post strong revenue growth, along with an improvement in operating profitability during the quarter.
The stock rallied 21 percent in 2018 on top of 70.5 percent surge in the previous year. It is Rs 28 away from its record high of Rs 1,138.25 touched last week.
Brokerages have highlighted that the results have largely been in line with estimates, but have raised target prices up to Rs 1,200.
The consolidated net profit rose by 17.3 percent on a year-on-year basis to Rs 9,459 crore or $1.14 billion.
Profit after tax for the quarter is expected to be at Rs 9,635.2 crore, an increase of 2.25 percent quarter-on-quarter and 19.8 percent year-on-year, according to average of estimates of analysts polled by Reuters.
The company now aims to expand its downstream presence, which stands at 1,291 outlets, with a simultaneous increase in overall throughput for petrol and diesel.
The revenues are likely to grow by 15 percent to Rs 78,913 crore for the quarter ended December 2017, compared to Rs 68,532 crore reported in the previous quarter.
The aggregate picture, that was quite dismal in the run up to the GST in the previous quarter, has got better. Our analysis of over 4200 companies showed tepid growth in topline, but surprisingly there was a marked improvement in margins. Finally, unlike in the previous quarter when profitability declined, there was some revival in the September quarter with the trend line flattening.
Brokerages are largely upbeat about the core and operational performance and pin hopes on telecom business to turn profitable soon. Further, they also expect increase in GRMs as well.
In an interview to CNBC-TV18, Harshvardhan Dole of IIFL and Jal Irani, Senior VP-Institutional Equities & Research Analyst at Edelweiss Securities shared their views and readings on Q2 numbers of Reliance Industries.
The operational performance is likely to be driven by its refining and petrochemical businesses that are expected to be strong. Analysts expect another record quarterly petchem earnings.
A strong rise in gross refining margins quarter on quarter and an increase in petrol and diesel marketing margin are positive catalysts.
Expectations were running low on account of pre-GST implementation adjustments in the quarter, and overall, the Nifty earnings have not resulted in any incremental negative surprise.