RIL to announce Q1 results on Friday. Here's what brokerages expect

For the quarter under review, RIL's GRMs are likely to come in at $8/barrel, down 2 per cent quarter-on-quarter due to unfavorable Brent-Dubai and refinery shutdown

Reliance Industries (RIL) is slated to announce its first quarter (April-June) results for the financial year 2019-20 (FY20) on Friday. The company is largely expected to report a drop in gross refining margin (GRM) on sequential basis, while petrochemical EBIDTA (earnings before interest, depreciation, tax and amortisation) is projected to fall up to 9 per cent on weaker margins.

The Mukesh Ambani-led company had reported a 9.8 per cent rise in its consolidated net profit at Rs 10,362 crore, in the fourth quarter ended March 31, 2019. In the year-ago period (June quarter of FY19), the firm had posted a