RIL Q1 net profit seen up 2.3% at Rs 4820 cr

Mukesh Ambani group's flagship company Reliance Industries (RIL) is set to announce its results for the quarter ended June 2010. According to CNBC-TV18 estimates, its net profit is expected to go up 2.3% at Rs 4820 crore from Rs 4710 crore, on quarter-on-quarter basis (QoQ) and up 32.5% versus Rs 3636 crore on YoY basis.

Sales are seen going up 3% at Rs 59300 crore from Rs 57570 crore (QoQ) and up 85% from Rs 32055 crore (YoY).

Operating profit margin is seen flat at 15.80% versus 15.87% (QoQ) and seen improving from 18.47% (YoY).

Regards,
Free Indian Stock Tips Team