Reliance Q3 results preview: Profit may jump 10-14%; GRM seen at $9.2-9.6

NEW DELHI: Oil-to-telecom major Reliance IndustriesNSE 1.91 % (RIL) is expected to report a 10-14 per cent yearly rise in profit for the December quarter. Retail and telecom businesses may do well, but petchem business may show some weakness. Refining margins for the quarter are likely to stay in $9.2-9.6 range, analysts said.

Brokerage Edelweiss Securities expects the company to report 11.6 per cent jump in consolidated profit at Rs 11,400 crore. It sees petchem Ebitda falling 22.6 per cent, which would be offset by higher refining (up 4.7 per cent).