- The company’s revenue is expected to grow 11.5 per cent in the second quarter from July to September
- The company’s retail business revenue could be Rs 34,640 crore
Reliance Industries Limited (RIL), the country’s leading private sector company, will announce its quarterly results today. The market class is showing the possibility of a decline of about 34 per cent in its profits. However, profits are likely to increase compared to the first quarter of the current financial year.
Kotak’s estimated profit could fall by 26.50 per cent
Net profit could fall 26.5 per cent, according to a report by the Kotak Institute. While sales are projected to decline by 35.10 per cent. Similarly, Geo can earn Rs 144 per customer. It was Rs 140 in the April quarter. The earnings were Rs 120 in the second quarter a year ago. On the other hand, according to Aquarius Securities, the company’s net profit could fall by 14.90 per cent. While sales may decline by 34.10 per cent. Geo can earn Rs 142 per customer.
Motilal Oswal estimates a 34.3 per cent decline in profits
Motilal Oswal estimates that the company’s profit could fall by 34.40 per cent. While sales could fall 23.80 percent. Bank of America estimates that Geo’s revenue could increase by 5 percent. This slight improvement may be due to the addition of new customers and increased revenue per customer. It is also estimated that the company’s revenue for the second quarter from July to September could increase by 11.5 per cent to Rs 98,417 crore. Its profit could increase by 11.5 per cent to Rs 9,586 crore during the period under review.
A year ago, the revenue was Rs 88,253 crore
It may be mentioned here that in the same period a year ago, the company’s revenue was Rs 88,253 crore. While the profit was 8 thousand 267 crores. According to the company’s EBITDA estimates, it could be Rs 19,547 crore, up from Rs 16,875 crore a year ago.
Petrochem business will do well
The company reported second-quarter production growth. As a result, the company’s petrochem business has performed well. However, some pressure can be seen in the refining business. The company’s gross refining margin (GRM) may improve. The company’s gross margin in the second quarter could be between -7 7-7.2 a barrel. It was 9. 9.4 a barrel in the second quarter of FY20, 9. 9.2 a barrel in the second quarter of FY20, and 8. 8.90 a barrel in the fourth quarter of FY20.
Estimates of retail business
The company’s retail business revenue could be Rs 34,640 crore. It was Rs 31,633 crore in the previous quarter. Revenue from the company’s retail business fell 17 percent in the last quarter. JIO’s profit rose to Rs 3,100 crore in the last quarter from Rs 2,520 crore. It has seen a growth of 21 per cent. Under this, it is likely to increase from Rs 16,557 crore to Rs 18,300 crore in the last quarter.