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Mehul Thanawala, VP, Research-Oil & Gas, JM Financial expects the oil and gas major to report flat Q4 gross refining margins (GRMs) at USD 9.5 per barrel versus USD 9.6 per barrel in the previous quarter.
Reliance Industries (RIL) is likely to post 30.8 percent year-on-year jump in its Q4 net profit to Rs 5540 crore. Revenues will also climb 7.6 percent to Rs 91,673 crore YoY, according to CNBC-TV8 poll.
The fourth quarter earnings will begin from Friday. In an interview to CNBC-TV18, Varatharajan Sivasankaran of ICICI Securities outlined his expectations from stocks across various sectors.
Fourth quarter earnings season will kick off on Friday with IT giant Infosys announcing its numbers. Market will be closely watching their FY14 growth outlook, which is likely to be a big trigger for all IT stocks.
Reliance Industries‘s Q4 result is to be announced on April 16. Discussing on this Niraj Mansingka of Edelweiss told CNBC-TV18 that he expects the company to report Rs 5541 crore of profit.
Angel Broking has come out with its report on earnings performance for 3QFY2013. According to the research firm, the Sensex EPS is expected to report a moderate 6.3% growth to Rs 1,195 in FY2013 and a more robust 16.1% growth to Rs 1,387 in FY2014.
After posting better-then-expected numbers in the December quarter, Reliance Industries (RIL) is unlikely to see major upside in refining segment as margins have already peaked at USD 9.6/bbl, say analysts who met company management post Q3 earnings announcement.
Mehul Thanawala, vice-president – research, JM Financial Institutional Securities explains that the performance of the refining and petchem divisions aided Reliance to beat the street‘s estimates.
Reliance Industries (RIL) today came out with its December quarter numbers. It surprised the street with its better than expected Q3 result. The company posted a net profit of Rs 5502 crore. In an interview to CNBC-TV18, Narendra Taneja, energy expert said that it was all a result of smart crude sourcing.
CNBC-TV18 interviewd SP Tulsian of sptulsian.com to know his reaction on RIL's better-than-expected performance for the quarter ending in Decmber. Tulsian expects Petchem to outperform in future as well.
Prayesh Jain, oil and gas analyst, IIFL told CNBC-TV18 that the boost seen in the petchem segment was driven by the improvement in spreads rather than demand.
KRChoksey has come out with its earnings estimates on Reliance Industries (RIL) for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 10% at Rs 94,045 crore, Year-On-Year (YoY) basis.
Prabhudas Lilladher has come out with its earnings estimates on Reliance Industries (RIL) for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 5.1% at Rs 89471.9 crore, Year-On-Year (YoY) basis.
Motilal Oswal has come out with its earnings estimates on Reliance Industries (RIL) for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 4% at Rs 93,915.7 crore, Quarter-On-Quarter (QoQ) basis.
lining KG-D6 volumes and muted gross refining margins (GRMs) are likely to impact Reliance Industries‘ (RIL‘s) December quarter earnings, say brokerages. The company‘s petchem segment may post better numbers, partially offsetting poor show from other businesses.
Prabhudas Lilladher has come out with its earning estimates on oil & gas sector for the quarter ended December 2012. According to the research firm, supply-side pressures is expected to weigh on crude in FY14.
Angel Broking has come out with its earnings estimates on Reliance Industries (RIL) for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 5.7% at Rs 89,981 crore, Year-On-Year (YoY) basis.
Angel Broking has come out with its earnings estimates on oil and gas estate sector for December quarter FY13. According to the research firm, operating profit is expected to decrease by 0.8% yoy mainly due to decline in production from the KG D6 block. Nevertheless, PAT is expected to increase by 15.0% yoy mainly due to increase in other income.
With the September quarter earnings season just concluded, analysts are now taking stock of the numbers, and the hits and misses.
Reliance Industries' Q2 numbers were almost in-line with street expectations. As expected, declining gas output from the energy giant‘s KG-D6 fields and muted performance in the petchem business led to an almost 5.7% decline in profits, YoY.
Reliance Industries (RIL) has posted its fourth consecutive year-on-year drop in its September quarter profit on declining natural gas output from its KG-DG fields and poor petchem margins.
A panel of experts comprising Sonam Udasi, head research at IDBI Capital, Dilip Bhat, joint MD, Prabhudas Lilladher, Prayesh Jain , analyst - oil and gas, IIFL and energy expert Narendra Taneja explain to CNBC-TV18 the various aspects of Reliance Industries's results.
SP Tulsian of sptulsian.com, say that the net profit of Reliance is in line with street expectations. If the interest income goes up beyond Rs 1500 crore then the market will be disappointed.
Reliance Industries (RIL) is all set to declare its September quarter earnings on Monday. Brokerages on an average expect net profit of the company to decline 6 percent Year-on-Year to Rs 5,365 crore, but the same is likely to grow by 20 percent quarter-on-quarter.
Mukesh Dhirubhai Ambani group's flagship company Reliance Industries' profit after tax is likely to grow by 20 percent to Rs 5,370 crore in the quarter ended September 2012 from Rs 4,473 crore in the previous quarter.