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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.
Reliance Industries (RIL) has posted strong Q1 FY18 numbers on a consolidated basis and all eyes now are on the annual general meeting (AGM) this morning. In an interview to CNBC-TV18, Tarun Lakhotia of Kotak Securities spoke about the numbers as well as his expectations from the AGM.
The fiscal started on a strong note for Reliance Industries (RIL) with record consolidated profit aided by strong gross refining margin (GRM) in the refining segment and record margin in the petrochemical business.
In an interview to CNBC-TV18's Anuj Singhal, SP Tulsian of sptulsian.com, Sudeep Anand IDBI Cap Markets, Prakash Diwan Market Expert Altamount Capital Management and Prayesh, AVP -Research IIFL, spoke about Reliance Industries quarterly earnings.
The refining margins would be around USD 11.2 a barrel compared to USD 11.5/barrel in the last quarter but the refining throughput would be better than the last quarter, said Nitin Tiwari of Antique Stock Broking.
Appreciation in rupee against US dollar may hurt net numbers, analysts feel.
Citi maintained its buy call on the stock with an increase in its bull case target to Rs 1,923 due to higher Jio valuation and lower peak net debt.
In an interview to CNBC-TV18, Jal Irani, Oil & Gas Analyst at Edelweiss Financial Services shared his readings and outlook on Reliance Industries Q4 numbers.
In an interview to CNBC-TV18, Prayesh Jain of IIFL shared his expectations from Reliance for this quarter.
Net Sales are expected to increase by 2.3 percent Q-o-Q (up 26.5 percent Y-o-Y) to Rs 63210 crore, according to HDFC Securities. Reliance Industries to report net profit at 8140 crore up 1.5% quarter-on-quarter.
Gross refining margin during the quarter is expected to be at USD 10.90 a barrel against USD 10.80 a barrel in previous quarter.
Rohit Ahuja of Religare maintains a positive stance on Reliance Industries (RIL) after the company reported third quarter earnings Monday. Ahuja expects the earnings before interest and tax (EBIT) margins for the petrochemicals segment to improve to Rs 3,600 in the fourth quarter of FY17.
The company's net profits for the third quarter of current fiscal beat street expectations at Rs 8,802 crore. The gross refining margins (GRM) on the other hand, dissapointed at USD 10.80 per barrel.
SP Tulsian of sptulsian.com expects the stock to correct to about 2-3 percentage points in the next couple of days but does not expect it to fall substantially.
Petrochemical major Reliance Industries is expected to show eighth consecutive sequential jump in net profit on strong gross refining margin. Profit is seen rising nearly 2 percent quarter-on-quarter to Rs 7,850 crore, according to average of estimates of analysts polled by CNBC-TV18.
Net Sales are expected to increase by 7.6 percent Q-o-Q (up 13.3 percent Y-o-Y) to Rs 64098.2 crore, according to Motilal Oswal.
Speaking to CNBC-TV18, Jal Irani of Edelweiss Financial Services said that it has upgraded the company‘s target price by 10 percent to Rs 1,410 per share.