Oil to telecom major RIL is expected to report a steady performance for Q1FY19. This would be on the back of higher petrochemical volumes, expected to partly offset a softening in the refining segment. In the new-age businesses of retailing and telecom (digital services), analysts expect earnings to slow down as compared to the March quarter (Q4FY18). CLICK HERE TO READ FULL REPORT
In past three months, post Q4FY18 results, RIL has outperformed the market by surging 16% as compared to 7% rise in the S&P BSE Sensex.
Emkay Global Financial Services expect GRM to fall quarter on quarter (qoq) to US$10.2/bbl from US$11.0/bbl. Petchem margins overall is expected to remain stable. Upstream segment performance should improve due to higher oil and gas prices and depreciating rupee, partially offset by lower production.
“We expect standalone net income to remain stable, as gains from a weaker rupee and modestly higher petchem volumes/margins will likely be offset by lower refining margins at US$10.5/bbl (-US$0.5/bbl qoq),” Kotak Securities said in June 2018 quarter earnings preview.
On consolidated basis, we expect modest increase in profits driven by higher contribution from Jio; we estimate Jio's reported profits to increase to Rs 6 billion in Q1FY19 from Rs 5.1 billion in Q4FY18, it added.
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