Reliance Industries operating profit may lag estimates: StarMine

Jan 17 2014, 19:32 IST
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Reliance Industries KG-D6's floating production storage and offloading  vessel is seen off the Bay of Bengal. (Reuters) Reliance Industries KG-D6's floating production storage and offloading vessel is seen off the Bay of Bengal. (Reuters)
SummaryReliance industries is expected to report an operating profit of Rs 7,440 crore for the 3rd quarter.

Reliance Industries (RIL) may lag consensus operating profit forecast for the October-December quarter when it reports results later in the day, Thomson Reuters StarMine's SmartEstimates shows.

StarMine's SmartEstimates, which places greater emphasis on forecasts by top-rated analysts, expects Reliance to report an operating profit of 74.40 billion rupees for the quarter, compared with a consensus mean estimate of 77.67 billion rupees.

At 11:07 a.m., Reliance shares up 1 per cent.

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