Mukesh Ambani-led Reliance Industries (RIL) is expected to take a further hit on its gross refining margins (GRM), which have touched a multi-year low for the quarter ended December 2018.
Overall profit of the company is expected to see a marginal year-on-year (Y-o-Y) growth with higher petrochemicals earnings. RIL will announce its results for the December 2018 ended quarter on Thursday. With most digital business announcements now officially made, analysts add there may not be much to look for in the management guidance by RIL.
In a Bloomberg poll, eight analysts estimated a consolidated revenue of Rs 1.4 trillion for