August8 , 2022

ril q1 preview: Reliance Industries Q1 preview: Profit may double YoY; sales likely to rise 60-70%

Related

Business News LIVE Today: Latest Business News, Share Market News, Economy & Finance News

Search Quotes, News, Mutual Fund NAVs Tata Steel INE081A01020, TATASTEEL,...

Business News LIVE Today: Latest Business News, Share Market News, Economy & Finance News

Search Quotes, News, Mutual Fund NAVs Tata Steel INE081A01020, TATASTEEL,...

Why Apple and Amazon results are important

Apple and Amazon added about $175 billion to...

Business News LIVE Today: Latest Business News, Share Market News, Economy & Finance News

Search Quotes, News, Mutual Fund NAVs Tata Steel INE081A01020, TATASTEEL,...

Share

[ad_1]

Industries’ (RIL) net profit is likely to double in the June quarter on a 60-70 per cent year-on-year (YoY) surge in net sales, led by strong refining profitability and gas realisation, higher average revenue per user (ARPU) for Jio and recovery in the retail business.

All eyes will be on updates on the Rs 75,000-crore announcement in the new energy business, growth in retail store additions and the management commentary on any further pricing action in telecom tariffs.

The most valued company on BSE is slated to release earnings post-market hours on Friday.

Emkay Global said Reliance should post strong earnings growth, led by oil to chemicals (O2C) and upstream gains. The retail business should continue to witness recovery while Jio’s earnings would be led by average ARPU growth, it said, as it pegged RIL’s June quarter profit at Rs 25,504 crore, up 107.80 per cent YoY.

Kotak Institutional Equities expects

to report a 98.1 per cent YoY rise in net profit at Rs 24,314 crore on a 71.8 per cent YoY rise in net sales at Rs 2,40,410 crore. sees profit rising 98.7 per cent YoY to Rs 24,400 crore. It sees Jio’s monthly subscriber additions of 40 lakhs in the June quarter and expects ARPU to grow 3 per cent sequentially to Rs 173.

RIL’s EBITDA margin is expected to improve marginally to 50.7 per cent in the June quarter, Motilal said.

Benchmark Singapore GRMs climbed 10 per cent YoY to $21 per barrel in the June quarter.
sees Reliance Industries’ Q1 profits climbing 89.8 per cent YoY to Rs 23,288 crore on a 61.2 per cent YoY rise in sales to Rs 2,25,590 crore. This brokerage anticipates an 82 per cent YoY growth in RIL O2C EBITDA largely driven by robust refining and offset by modest petchem.

Petchem business is likely to remain modest as Naptha input cost surged 46 per cent YoY in the June quarter.

“We expect RIL O&G’s EBITDA to rise 3 times YoY and 69 per cent QoQ on higher volumes aided further by higher deepwater gas prices. Retail EBITDA is likely to remain strong (up 2 times YoY and 10 per cent QoQ) on higher footfalls. Jio’s EBITDA is likely to surge 25 per cent YoY on high ARPU (up 25 per cent YoY) offset by a 6 per cent YoY dip in subscriber base,” Edelweiss said.

Kotak also expects Reliance’s standalone EBITDA to increase 63 per cent QoQ reflecting a sharp rise in underlying refining margins, robust increase in upstream EBITDA following the jump in ceiling gas prices and likely higher volumes for both refining and petchem segments, which will be partly offset by a sequential decline in petchem margins.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)

[ad_2]

Source link