RIL Q4 net profit seen down 9% to Rs 3526 cr
Reliance Industries is to announce its fourth quarter and FY09 results. its net sales are seen down 18.5% to Rs 30,373.4 crore from Rs 37286 crore.
Its EBITDA is seen down 6.6% to Rs 5621 crore from Rs 6019 crore. The company’s net profit is seen down 9.9% to Rs 3526.2 crore from Rs 3912 crore.
RIL FY09
Its net sales are seen up 11.1% to Rs 148302 crore from Rs 133443 crore.
Its EBITDA is seen up 1.2% to Rs 23579 crore from Rs 23306 crore.
The company’s net profit is seen flat at Rs 15259.2 crore from Rs 15259 crore
Its EPS is seen down at Rs 97* versus Rs 105
* pre extra-ordinary income
* dilution on the back of warrant conversion & IPCL merger
Factors
GRMs expected to decline to $8.5-9/bbl Vs $10 in Q3
Refining volumes in Q4 expected to decline 2.5-3%
Naphtha prices correct, will help improve ethylene - naphtha spreads
Petchem volumes likely to pick-up
Rupee depreciation will help reduce pressure on EBITDA
Other Income is likely to decline, interest cost to jump in Q4
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