Q4 results preview: Telecom, retail to offset weak refining for RIL

For the March 2018 ended quarter, RIL had reported a net profit of Rs 9,435 crore and total revenue of Rs 1.17 trillion at the consolidated level

Oil-to-telecom conglomerate Reliance Industries (RIL) is expected to report weak refining earnings though its retail and petrochemical businesses are expected to partially offset the weakness. With a busy sale and acquisition-driven March quarter, the street will look for guidance on capital expenditure, debt and road ahead for the services business. In a Bloomberg poll, 14 analysts estimated RIL’s consolidated net profit of Rs 9,796 crore and 12 analysts estimated revenue at Rs 1.48 trillion. For the March 2018 ended quarter, RIL had reported a net profit of Rs 9,435 crore and total revenue of Rs 1.17 trillion at the consolidated