LATEST NEWS – Mukesh Ambani-led Reliance Industries Ltd (RIL) will report numbers of its October-December 2016 financial quarter on Monday. The oil to telecom conglomerate has been in news for various developments in the last three months. Here is a list of factors that will guide the numbers.
For most analysts tracking RIL’s stock performance, guidance for its telecom business would be key. RIL, which has heavily invested in RelJio, in December announced to extend free Jio services upto March this year. Guidance on what course the telecom venture will take post March would be sought for.
2. Gross Refining Margins (GRM)
Most analysts expect RIL’s gross refining margins to be in the range of $10.7-$10.9 per barrel in the December quarter — sequentially higher from $10.1 per barrel reported for the September-ended quarter. Some see it touching $11.5 per barrel for the December quarter on the back of stronger product cracks and modest inventory gains. Gross refining margin is what company earns from turning every barrel of crude oil into fuel. READ MORE