Reliance Industries Q4 Preview: Expected Decrease in Net Profit, Increase in Ebitda

Despite expectations for a fall in net profit, Reliance Industries Ltd.’s fourth-quarter operational profit is set to rise due to strong refining and retail performance.

According to an average of analyst expectations tracked by Bloomberg, RIL is anticipated to report a 7.6% sequential reduction and an 18.8% year-over-year decline in its consolidated net profit to Rs 16,442.3 crore for the three months ended in March. That is probably due to the effects of windfall tax.

The largest firm in India by market value is forecast to increase its consolidated revenue by 8.6% annually and 2.1% sequentially to Rs 2.25 lakh crore.

According to forecasts monitored by Bloomberg, the company’s operational income, also known as earnings before interest, tax, depreciation, and amortisation, is expected to increase by 4.7% sequentially and 17.7% annually to Rs 36,915.8 crore.

RIL is anticipated to experience a swift turnaround quarter over quarter although year over year trends remain subdued, according to a report by ICICI Securities.

Stronger base gross refining margins and comparatively lower windfall tax are expected to create higher oil-to-chemicals sector results for the company, which will likely lead to consistent improvement across all segments.
However, the ongoing weakness in integrated petrochemical spreads will probably partially cancel out the refining benefit.

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