{"id":396502,"date":"2021-01-21T10:22:44","date_gmt":"2021-01-21T04:52:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=396502"},"modified":"2021-01-21T10:22:44","modified_gmt":"2021-01-21T04:52:44","slug":"refining-petchem-biz-to-be-key-drivers-for-ril","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/refining-petchem-biz-to-be-key-drivers-for-ril\/","title":{"rendered":"Refining, petchem biz to be key drivers for RIL"},"content":{"rendered":"<p>MUMBAI, NEW DELHI : The performance of its energy business could be a key catalyst for Reliance Industries (RIL) in the December quarter with petrochemicals margins rising and refining recovering from its lows.<\/p>\n<p>According to a Bloomberg survey of 10 brokerages, consolidated revenue is expected to fall to \u20b91.21 trillion from \u20b91.69 trillion in the year-ago period, while consolidated net profit, according to nine brokers, was expected to come in at \u20b911,312 crore. RIL had posted a profit of \u20b911,640 crore in the year earlier.<\/p>\n<p>\u201cFor the third quarter, we expect RIL to report a 14% quarter-on-quarter (q-o-q) rise in Ebitda and a 16% q-o-q recovery in earnings, two-thirds of which is expected to be driven by a recovery in petrochemicals Ebitda, which we estimate will rise 26% q-o-q (4% year-on-year),&#8221; said Morgan Stanley in a note on 8 January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI, NEW DELHI : The performance of its energy business could be a key catalyst for Reliance Industries (RIL) in the December quarter with petrochemicals margins rising and refining recovering from its lows. According to a Bloomberg survey of 10 brokerages, consolidated revenue is expected to fall to \u20b91.21 trillion from \u20b91.69 trillion in the year-ago period, while consolidated net profit, according to nine brokers, was expected to come in at \u20b911,312 crore. RIL had posted a profit of \u20b911,640 crore in the year earlier. \u201cFor the third quarter, we expect RIL to report a 14% quarter-on-quarter (q-o-q) rise in [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-396502","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=396502"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396502\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=396502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=396502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=396502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}