Stock advisory Company >> Reliance Industries’s Q2 result to get a boost from refining business

• Click Here For More Analysis www.ripplesadvisory.com

Reliance Industries Ltd (RIL) is likely to report an increase in profit for the three months to September, benefiting from higher refining margins that will offset weaker earnings from its petrochemicals business.

Stand-alone quarterly net profit is likely to increase to Rs8,687.5 crore on revenue of Rs66,088 crore, according to a Bloomberg poll of seven analysts.

In the year-earlier quarter, the company reported a standalone net profit of Rs7,704 crore on revenue of Rs 64,344 crore. RIL is expected to post a consolidated net profit of Rs8,263.3 crore, according to a Bloomberg poll of four analysts. Consolidated net sales would reach Rs85,785.3 crore, three analysts said. RIL will announce its fiscal second-quarter earnings on Friday.