{"id":94690,"date":"2018-10-16T19:00:47","date_gmt":"2018-10-16T19:00:47","guid":{"rendered":"http:\/\/www.bnreport.com\/can-ril-protect-grm-in-sept-quarter-earnings-5-key-things-to-watch\/"},"modified":"2018-10-16T19:00:47","modified_gmt":"2018-10-16T19:00:47","slug":"can-ril-protect-grm-in-sept-quarter-earnings-5-key-things-to-watch","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/can-ril-protect-grm-in-sept-quarter-earnings-5-key-things-to-watch\/","title":{"rendered":"Can RIL protect GRM in Sept quarter earnings? 5 key things to watch"},"content":{"rendered":"<p> NEW DELHI: Oil-to-telecom giant <a href=\"https:\/\/economictimes.indiatimes.com\/reliance-industries-ltd\/stocks\/companyid-13215.cms\" rel=\"noreferrer\" target=\"_blank\">Reliance Industries<\/a> will announce its quarterly earnings on Wednesday. Analysts and investors will be keenly watching for any drop in gross refining margin (GRM), growth in petchem business and the o utlook for the digital business.  <\/p>\n<p>Brokerage Sharekhan expects RIL to benefit from a weak <a href=\"https:\/\/economictimes.indiatimes.com\/topic\/rupee\" rel=\"noreferrer\" target=\"_blank\">rupee<\/a> and higher petrochemical volumes and margins. <\/p>\n<p>RILs GRM is expected to remain largely flat sequentially at $10.6 a barrel in Q2FY2019, down from $12 a barrel in September quarter of last year. <\/p>\n<p>\u201cOverall, we expect RILs Q2FY2019 earnings to increase 7.8 per cent YoY (up 1 per cent QoQ) to Rs 8,906 crore,\u201d the brokerage said. <\/p>\n<p>Edelweiss Securities expects a 52.8 per cent YoY growth in refining business and a 54.1 per cent YoY growth in petchem business. The two businesses would drive revenue growth for the company, which would be aided by higher oil prices (up 44.7 per cent YoY) and a depreciating rupee ( down 8.8 per cent YoY). <\/p>\n<p>\u201cHigher petchem margins (up 19.4 per cent) led by higher volumes (up 13.1 per cent YoY) will more than offset any fall in GRM,\u201d the brokerage said. <\/p>\n<p>HDFC Securities expects the second most-valued firm on BSE to report 12.1 per cent YoY rise in adjusted standalone net profit at Rs 9,269 crore on a 34.1 per cent YoY rise in revenues at Rs 19,876 crore. The brokerage sees Ebitda margin at 17.5 per cent, down 148.60 basis points. <\/p>\n<p>\u201cWe expect GRM of $10.9 a barrel during the quarter. Besides, we expect higher petchem earnings owing to a rampup in production from ROGC and Px plants,\u201d the brokerage said.  <\/p>\n<p>Sharekhan said earnings from Reliance&#039;s digital business is expected to grow steadily given the likely gain in revenue market share and increased focus on additional revenue streams through launch of fixed-line broadband services through Jio GigaFibre. <\/p>\n<p><strong><a href=\"https:\/\/blockads.fivefilters.org\/\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/strong> <a href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\" rel=\"noreferrer\" target=\"_blank\"><\/a><\/p>\n<p><a href=\"https:\/\/economictimes.indiatimes.com\/markets\/stocks\/earnings\/can-ril-protect-grm-in-sept-quarter-earnings-5-key-things-to-watch\/articleshow\/66248583.cms\" rel=\"noreferrer\" target=\"_blank\">Original Article<\/a><\/p>\n<p>[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/img.etimg.com\/photo\/60278104.cms\"\/><\/p>\n<h5><a href=\"https:\/\/economictimes.indiatimes.com\/\" rel=\"noreferrer\" target=\"_blank\">ET Markets<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Oil-to-telecom giant Reliance Industries will ann..<\/p>\n","protected":false},"author":1,"featured_media":94691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-94690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Can RIL protect GRM in Sept quarter earnings? 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