RIL's December quarter performance likely to remain flat

Its better performance in the refining segment is expected to offset lower petrochem earnings

Mukesh Ambani-led Reliance Industries Ltd (RIL) is expected to report a sequentially flat performance for the October-December 2016 period due to weaker profitability in the company's petrochemical business, according to analysts. RIL will announce its financial results for the December quarter on Monday. 

In addition, to its financial performance, the Street will also look forward to the company guidance on its telecom business and the commissioning schedule for the current calendar year. 

In a Bloomberg poll, 11 analysts estimated a standalone net profit of Rs 7,842 crore and standalone revenue for the company at Rs 65,753.6 crore. Most analysts expect