LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Reliance Industries, Reliance Jio Q4FY19 preview: Will Mukesh Ambani-led firms create magic again?

RIL which is the largest company in terms of market share, will be presenting its March 2019 quarter (Q4FY19) result anytime today. Apart from this, even its telecom arm Reliance Jio’s quarterly performance will be announced. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Reliance Industries, Reliance Jio Q4FY19 preview: Will Mukesh Ambani-led firms create magic again?
Ahead of the Q4FY19 result, RIL share price was trading on a positive note. Photo: Reuters
Written By: ZeeBiz WebTeam
Updated: Thu, Apr 18, 2019
01:21 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Morgan Stanley on Reliance Industries share price - overweight rating, price target Rs 2252 Morgan Stanley on Reliance Industries share price - overweight rating, price target Rs 2252
Stock Market Closing Bell Today: Sensex, Nifty pare early gains on profit-booking; Vodafone Idea, Reliance Indusries shares gain Stock Market Closing Bell Today: Sensex, Nifty pare early gains on profit-booking; Vodafone Idea, Reliance Indusries shares gain
Future Group shares soar after court lifts hold on Reliance deal Future Group shares soar after court lifts hold on Reliance deal
Reliance Industries Share price and Target price Rs 2090: Buys says HSBC, RIL morphing into this Reliance Industries Share price and Target price Rs 2090: Buys says HSBC, RIL morphing into this
Reliance Industries shares decline over 2 pc; Future Retail tanks 5 pc Reliance Industries shares decline over 2 pc; Future Retail tanks 5 pc

RIL is set to present its Q4FY19 result anytime today and the shares of the company witnessed buying sentiment on Thursday's trading session. The results of Reliance Jio will also be announced today. Ahead of the Q4FY19 result, RIL share price was trading at Rs 1,377.70 per piece up by Rs 32.40 or 2.41% on Sensex at around 1242 hours. On the index, the company has already clocked nearly 3% jump after touching an intraday high of Rs 1,383.95 per piece. Another reason for upbeat in RIL shares, could be attributed to Japan-based Mitsui O.S.K Lines (MOL) which will be acquiring strategic stake in six group companies each owning a very large ethane carrier of RIL. The Ambani-led firm’s wholly owned subsidiary Reliance Ethane (REHPL) have entered into partnership with MOL, where investment will be made by latter and minority investors in the six special purpose limited liability companies (“SPVs”), each owning a VLEC. Transaction closing is subject to regulatory approvals. Post closing SPVs shall be jointly controlled by REHPL and MOL.

Coming back to RIL shares, the company will be in focus the entire day. Many investors are hoping for another stellar result. RIL has been consistently booking profit in, and Q3FY19 was one such good quarter. In Q3FY19, RIL clocked 8.8% jump in consolidated net profit to Rs 10,251 crore compared to a net profit of Rs 9,420 crore a year ago same period. Consolidated revenue from operations stood at Rs 171,336 crore in Q3FY19, registering growth of whopping 55.9% as against Rs 109,905 crore in same period of previous year.

Not only Reliance Industries, even its telecom arm, Reliance Jio, which is widely seen as a disruptor in telecom field (customers of Jio, of course, do not mind as it has brought dirt cheap data offers in its wake), also showed massive growth in back-to-back quarters.  Reliance Jio witnessed a net profit of Rs 831 crore in December 2018 (Q3FY19) quarter, which was an increase of massive 65% compared to net profit of Rs 504 crore in Q3FY18.

In a very proud moment in Q3FY19, Mukesh Ambani, Chairman & Managing Director, Reliance Industries Limited said: “In our endeavor to consistently create more value for our country and stakeholders, our company has become the first Indian private sector corporate to cross Rs 10,000 crore quarterly profits milestone."

Hence, whether RIL continues to create the same magic will be keenly watched. 

For Q4FY19, analysts at IDBI Capital said, “We expect GRM to decline to US$8/bbl vs US$11/bbl in Q4FY18 while Petchem margin to grow to 17.5% vs 16.9%. Retail/digital business profits are likely to grow by 10%/10% sequentially.”

Analysts at Edelweiss Securities said, "We expect consolidated earnings to decline by 5.4% at RIL due to a decline in earnings at refining, petchem and upstream segments. Lower GRM (Q4FY19: USD 8/bbl, Q3FY19: USD 8.8/bbl) along with lower throughput (-7% QoQ) will lead to lower refining earnings (-20% QoQ) while weaker PE cracks will drive lower petchem earnings (-4% QoQ). However, this will be offset by higher earnings at retail and Jio (+10% QoQ).

Watch Zee Business TV Live streaming video below: 

Meanwhile, expert at JM Financial said, “We expect RIL to surprise the street as consumer business continues to show sequential growth & commentary around gradual improvement in hydrocarbon margins is expected to remain strong. We expect Q4FY19 GRM to be in range of $8.1-8.3 per barrel slightly lower than Q3FY19 print. GRM are likely to improve given petcoke gasification benefits and improving cracks of gasoline as demand improves. Petchem EBITDA is likely to stay flat sequentially.”

On RJio, JM added, “We expect Q4FY19 of Jio revenues to be up 8-9% qoq and ARPU in range of Rs 126.50 - 127 (marginal ARPU dilution due to JioPhone) for the quarter and continued strong Jio subscriber momentum as company gets close to 400 million subscriber base.”

For Thursday’s trading session, Sameer Kalra, Equity Research Analyst & Founder Target Investing said, "Company is expected to report slight improvement in GRMs and lower refining margins but higher than street estimate due to maintaining shutdowns. The main EBITDA growth is expected of JIO with 8% and Reliance Retail . We expect some deleverage signs also to come in consolidated balance sheet.

Over the holiday the company reported that it has sold stake in VLEC( Very large Ethane Carrier) to Japanese firm. These six VLECs were bought at value of $600mn in 2016 and were operated and managed by the Japanese firm. This would provide second deleverage success after selling the pipeline business recently.

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Reliance IndustriesRIL Share PriceReliance JioMukesh Ambani
RELATED NEWS
Morgan Stanley on Reliance Industries share price - overweight rating, price target Rs 2252 Morgan Stanley on Reliance Industries share price - overweight rating, price target Rs 2252
Stock Market Closing Bell Today: Sensex, Nifty pare early gains on profit-booking; Vodafone Idea, Reliance Indusries shares gain Stock Market Closing Bell Today: Sensex, Nifty pare early gains on profit-booking; Vodafone Idea, Reliance Indusries shares gain
Future Group shares soar after court lifts hold on Reliance deal Future Group shares soar after court lifts hold on Reliance deal
Reliance Industries Share price and Target price Rs 2090: Buys says HSBC, RIL morphing into this Reliance Industries Share price and Target price Rs 2090: Buys says HSBC, RIL morphing into this
Reliance Industries shares decline over 2 pc; Future Retail tanks 5 pc Reliance Industries shares decline over 2 pc; Future Retail tanks 5 pc

LATEST NEWS

7th Pay Commission latest news: REVEALED! Salary may be affected by New Wage Code - know details

Exclusive: Jet Airways deal will put country's airports at risk

Ircon Share Price: Government offers OFS at Rs 88; here is how stock market investors can make money

HPCL Recruitment 2021: Salary CTC up to Rs 33.95 lakhs - PDF download, Syllabus, Apply Online, Without/Through GATE, Exam Date, Age Limit and more

ByteDance developing Clubhouse-like app for China amid copycat rush - sources

LIC Jeevan Umang Insurance Policy: GUARANTEED benefits! NO LIMIT on maximum basic sum assured - All details here

Transformational Solutions shaping inclusive Connected Citizen Ecosystem

UPSC Prelims notification 2021 released: Exam to be held on June 27—check details

OnePlus Nord 2: Check expected launch time, specs and other details now!

MTAR Technologies IPO Subscription: Check allotment status finalisation date and how to check if you got shares

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved