RIL edges up ahead of December quarter earnings
Petchem margin, update on Jio business and capex-related plans will be the key monitorables.
By ETMarkets.com | Updated:
Reliance Industries is all set to come out with Q3 numbers
NEW DELHI: Shares of Reliance Industries (RIL) climbed 1 per cent in Thursday's morning trade, ahead of company's December quarter earnings.
Analysts see a flattish profit and some pressure on refining margins on a sequential basis. Telecom and retail segments may show strong results.
Petchem margin, update on Jio business and capex-related plans will be the key monitorables, they said.
Motilal Oswal Securities expects the Mukesh Ambani-led company to report consolidated profit after tax of Rs 9,540 crore, up 1 per cent YoY and almost same as in the September quarter.
Brokerage Edelweiss Securities expects the oil-to-telecom major to report a 3 per cent sequential drop in consolidated Ebitda, but sees PAT to rise 2 per cent due to higher other income and lower interest costs.
Shares of the company closed 0.26 per cent down at Rs 1131.10 on BSE.
Analysts see a flattish profit and some pressure on refining margins on a sequential basis. Telecom and retail segments may show strong results.
Petchem margin, update on Jio business and capex-related plans will be the key monitorables, they said.
Motilal Oswal Securities expects the Mukesh Ambani-led company to report consolidated profit after tax of Rs 9,540 crore, up 1 per cent YoY and almost same as in the September quarter.
Brokerage Edelweiss Securities expects the oil-to-telecom major to report a 3 per cent sequential drop in consolidated Ebitda, but sees PAT to rise 2 per cent due to higher other income and lower interest costs.
Shares of the company closed 0.26 per cent down at Rs 1131.10 on BSE.
ADVERTISEMENT
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
