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According to Motilal Oswal, sales of Reliance Industries are expected to decrease by 1.8 percent Q-o-Q (up 8.5 percent Y-o-Y) to Rs 101871 crore.
With oil and gas major delivering a set of numbers that were in line with what the street was expecting, analysts discuss how much value the stock can create for a shareholder.
Gross refining margin (GRM) may decline to USD 7.8 a barrel in September quarter as against USD 8.4 a barrel in previous quarter. Expected GRM of USD 7.8 will reflect spread of around USD 2.3 a barrel over Singapore complex GRMs, feel analysts.
Earnings before interest, tax, depreciation and amortisation (EBITDA) is expected to be at Rs 7,400 crore in the quarter gone by as against Rs 7,075 crore in June quarter.
According to KR Choksey, Reliance Industries (RIL) to report a 1 percent growth quarter-on-quarter (growth of 1 percent year-on-year) in net profit at Rs 5,409 crore.
Jal Irani of Macquarie says that with KG-D6 volumes halving YoY, the profit of Rs 5352 crore was expected.
Gas price hike, as suggested by the Rangarajan Committee will not only improve realizations but will also accelerate upstream activities for Reliance Industries.
Energy expert Narendra Taneja says that results from Reliance's quarterly performances were in line with the expectations. But, the E&P business will improve, going forward and petchem sector needs to pick up.
Mehul Thanawala, VP-research JM Financial says, in an analysis of RIL earnings on CNBC-TV18, that while the earning are in line with expectations the high levels of gross refining margins (GRM) are not sustainable in the long run.
Aishwarya Deepak, Analyst - Oil & Gas, HDFC Securities believes that although from a long term perspective things are in favour refinery major Reliance Industries, in the intrim period- (from now to 2015) volatility in gross refining margins could be a concern.
Prayesh Jain, analyst - oil and gas, IIFL says, in an interview to CNBC-TV18, that the launch of new capacities will offset dip in RIL‘s petchem revenue.
SP Tulsian of sptulsian.com told CNBC-TV18 that the Reliance's earnings for June quarter were in line with his expectations. However, petchem needs to improve if the market has to be happy with the company, he says.
Gagan Dixit, Oil & Gas Expert of Quant Capital believes that Reliance Industries first quarter earnings were mainly benefited due to sharp fall in rupee.
While announcing Q1 numbers, RIL management may announce additional investment in exploration and production business, if the new gas price formula turns out to be viable.
Emkay Global Financial Services expects Reliance Industries (RIL) to report a 6 percent degrowth quarter-on-quarter (growth of 18 percent year-on-year) in net profit at Rs 5271.9 crore.
KR Choksey expects Reliance Industries to report a 4 percent degrowth quarter-on-quarter (growth of 20 percent year-on-year) in net profit at Rs 5380 crore.
Motilal Oswal expects Reliance Industries to report a 6.3 percent degrowth quarter-on-quarter (growth of 17 percent year-on-year) in net profit at Rs 5235.2 crore.
Analysts on an average expect RIL to post profit of anything between Rs 5,500- 6,000 crore on revenues of Rs 92,000 crore in June quarter. The firm had posted Rs 44730 crore profit on revenues of Rs 918750 crore in the year-ago period.
StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Reliance to report an operating profit of Rs 755.42 billion for the quarter compared with a consensus mean estimate of Rs 778.92 billion.
Post Reliance Industries Q4 result, Ballabh Modani of Religare Capital Markets feels that as its numbers were lower than expected, the company‘s first quarter result will also be under pressure. “The fall has been pretty sharp, which will clearly be reflected in Q1 numbers," he said.
Reliance Industries reported a 32 percent year-on-year growth in net profit for the quarter ended March, even as revenues declined 1.4 percent. For the full year, the company‘s revenues rose 9.2 percent and net profit by 4.8 percent. Here is what analysts have to say on their outlook for the stock after the latest set of earnings numbers:
Oil and gas major Reliance Industries' Q4 earnings are likely to be ignored by the market on Wednesday, however positive developments on shale gas, upstream operations, telecom and retail businesses would drive stock ratings in future, experts and analysts told CNBC-TV18 today.
In an interview to CNBC-TV18, investment advisor SP Tulsian of sptulsian.com spoke about his reading of Relaince Industries' Q4 numbers and the road ahead for the stock.
Angel Broking has come out with its earnings estimates on Reliance Industries (RIL) for Q4FY2013. According to the research firm, the company's Q4FY13 sales are likely to go up by 8% at Rs 92,008 crore, Year-On-Year (YoY) basis.
Prabhudas Lilladher has come out with its earnings estimates on Reliance Industries (RIL) for the March quarter FY13. According to the research firm, the company's Q4FY13 sales are likely to go up by 9.9 percent at Rs 93622.7 crore, year-on-year (YoY) basis.