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Reliance Industries Q3 results today: Here's what experts think

It's being expected that the major highlights of this quarter earnings would be RIL's retail and digital business.

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Reliance Industries Q3 results today: Here's what experts think
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Mukesh Ambani's Reliance Industries would announce its December quarter results today. The expectations are that the RIL would have strong earnings over its retail, telecom and petrochemical businesses. However, the numbers of its refining secgment could be worrisome. 

Share price of Reliance Industries gained 1.2 per cent intraday. 

Below we have listed what experts think about the RIL's performance in December Quarter. 

Vineeta Sharma, Head of Research at Narnolia Financial Advisors said to Zee Media Bureau, "Revenue is expected to increase by 25% on YoY basis on the back of robust performance by petrochemical and retail segment. However, PAT is expected is expected to fall by 6% YoY in Q3 FY19e due to lower refining margins and inventory losses in reefing segment due to a sharp decline in crude oil prices."

Talking about the refining marging, Sharma further added "expected to come under pressure and company likely is expected to report GRM of 8 USD/bbl in the last quarter. However, refining margins of the company are expected to improve from Q4 FY19 led by lower crude oil prices."

Another market expert, Dhananjay Sinha, Head, Institutional Research, Economist and Strategist at Emkay stated that Reliance would witness $8.7/bbl GRM down qoq, lower petchem earnings with inventory loss, 25% ETR.

Similarly, Prabhudas Liladher said, Reliance Industries will see muted earnings growth due to weak refining earnings even as strong petrochemicals earnings and rupee depreciation will support earnings."

It's being expected that the major highlights of this quarter earnings would be RIL's retail and digital business. Reliance Jio's subscriber based is seen increasing to 282 million in December quarter from 252.2 million in the September quarter. Average revenue per user (ARPU), a key performance metric for telecom companies, at Jio is seen falling to Rs 128 vs Rs 132 sequentially.

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