Reliance Industries to Announce Q2 Income Today; Here’s What to Expect

Reliance Industries is about to announce its second quarter (July-September) earnings on Friday. Consolidated revenue is predicted to be at Rs 8,169 crore for the quarter against Rs 9,079 crore in previous quarter.

According to average estimates of analysts polled by using CNBC-TV18, gross refining margin is predicted to be at USD 12.5 per barrel for the quarter towards USD 11.9 a barrel in previous quarter.

Earning before interest, tax, depreciation and amortisation (EBIDTA) is prone to be sturdy at Rs 13,178 crore, when compared with Rs 12,554 crore in June quarter.

Margin is seen rising sharply by way of one hundred fifty foundation points at 15.four percent for the quarter, from 13.9 percent in earlier quarter.

The operational efficiency is more likely to be driven via its refining and petrochemical companies which can be expected to be sturdy. Analysts expect any other document quarterly petchem cash.

Key things to be careful for could be Reliance Jio's mentioned numbers.Research house Kotak expects loss of Rs 2,530 crore for Jio despite assuming breakeven at EBITDA level.

Reliance had pronounced one-time gain of Rs 1,087 crore for the quarter ended June 2017.

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