RELIANCE INDUSTRIES - Q1FY14 PERFORMANCE

By Premium Bureau

The RIL numbers were disappointing to say the least. The improved GRMs at $10.10 in Q4FY13 had come as a pleasant surprise but as expected, this quarter the GRM slipped to $8.4. The muted capex plans, surge in ‘other income’ and unallocable expenses will be factors which will weigh on the stock and could dampen the moods on Monday on the RIL counter.

Our Editor Mr.SP Tulsian said that though the numbers were in line with his expectations, the market migth be disappointed with the numbers and does not expect the share to do too well on Monday. The petchem earnings reduced due to the lack of improvement in oil and gas sector. Their refining segment was also not performing well and there was not much capacity addition. The market will be very much disappointed because the bottom-line has got bloated largely because of this unallocable income. So, he does not think that the results will really be seen as good by the market.

Q1FY14 PERFORMANCE AT A GLANCE