RIL climbs 2.5% ahead of Q3 results; GRM expected to see a slight fall

HDFC Securities expects RIL's EBITDA to increase by 4.7 per cent QoQ to Rs 14,300 crore.

Shares of Reliance Industries (RIL) climbed over 2.5 per cent in the intra-day session on Friday ahead of its December quarter (Q3FY20) results which is scheduled to be released later in the day.

At 12:54 pm, the stock was trading 2.42 per cent higher at Rs 1575 apiece on the BSE. During the day, it hit a high of Rs 1577.45 levels. 

For December quarter, Emkay Global Financial Services expects a slight decline in RIL's gross-refining margin (GRM) at $9/bbl against $9.4/bbl in Q2 (with an impact from the freight spike) and 5 per cent volume growth. Petrochemicals' earnings before interest, tax,