RIL May Re­port Mar­ginal De­cline in Net Profit for Q4

The Economic Times - - Companies: Pursuit Of Profit -

could come in flat at $11 per bar­rel com­pared with $11.5 per bar­rel re­ported in the pre­vi­ous quar­ter and $10.1 per bar­rel recorded in the year-ago pe­riod

Ebitda mar­gins are likely to re­main flat at 16.6% se­quen­tially for the quar­ter ended March 31 com­pared with 18.7% re­ported in the pre­vi­ous quar­ter. The oil & gas ma­jor re­ported an Ebitda mar­gin of 16.8% in the year-ago pe­riod. Gross re­fin­ing mar­gin (GRM), which is the dif­fer­ence be­tween the per bar­rel cost of crude oil and the value of prod­ucts dis­tilled from it, could come in flat at $11 per bar­rel com­pared with $11.5 per bar­rel re­ported in the pre­vi­ous quar­ter and $10.1 per bar­rel recorded in the year-ago pe­riod. But, an­a­lysts polled by ET NOW are of the view that se­quen­tial weak­ness in GRMs is likely to get off­set by good petchem mar­gins.

Fac­tors to watch: 1) GRM tra­jec­tory and likely Petchem mar­gin im­prove­ment 2) Up­date on RJio launch: Traders eye man­age­ment com­men­tary on RJio launch game plan 3) KG-D6 Pro­duc­tion up­date.

GROSS RE­FIN­ING MAR­GIN

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