Telecom experts say Reliance Jio is likely to report a profit when RIL announces its Q3 results on Friday due to the IUC cut, an increasing subscriber base and pricing stability. RIL is largely expected to report a decent set of numbers as lower refining margins will be offset by an increase in petchem volumes. Gross refining margins: RIL’s gross refining margins (GRMs) may decline sequentially or stay flat, in line with Singapore complex refining margins. In a note on 15 January, Goldman Sachs said that petchem margins have been resilient despite rising oil prices and it expects petchem margins to remain flattish for RIL in the December quarter. Path ahead after buying Reliance Communications’ assets: In December, Reliance Jio said it will buy a majority of the wireless assets of Reliance Communications Ltd (RCom).

Source: Mint January 19, 2018 03:33 UTC