The numbers hidden behind the results tell a story of zero-return businesses and lower prospects for the core units
Sharp improvement in refining margin is expected to be the prime driving force.
10 analysts estimated RIL's consolidated net profit at Rs 11,256 crore and nine analysts estimated revenue at Rs 1.5 trillion.
Strong refining and petrochemical margins seen boosting consolidated net by up to 6%
The rating affirmation reflected RIL's strong business profile - a large-scale refinery with a capacity of around 1.2 million barrels a day and dominant market position in petrochemicals.
Refining and petrochemicals contribute around 90 per cent to RIL's overall revenue and profit.
The oil-to-telecom conglomerate reported an 8.8 per cent rise in its consolidated net profit to Rs 10,251 crore, or Rs 17.3 per share, in the third quarter ended December 31, 2018.
Revenue jumped 54.5 per cent to Rs 156,291 crore.
Reliance has around 90,000 telecom towers now, half of which are operational and owned by the RIL and rest on lease.
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
RIL's standalone net profit rose one per cent quarter-on-quarter
Sensex in green, JSW climbs higher.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
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