When Reliance Industries Ltd (RIL), India's most valuable company by market capitalisation (market cap), reports its earnings for the July-September quarter after market hours today, all eyes will be on the group’s telecom venture Reliance Jio Infocomm. Though the Mukesh Ambani-controlled company is likely to report a healthy growth in profit after tax (PAT) on a standalone basis, for an 11th straight quarter, thanks to record growth in refining and petrochemical businesses, Jio could impact the group’s consolidated performance, analysts say. Earlier in the June quarter, the company’s consolidated net profit rose 28% (12.7% QoQ) to Rs 9,108 crore. Gross refining margin for the quarter grew by 3.5% to 9-year high of $11.9 a barrel against $11.50 a barrel on a sequential basis. Here's what brokerages expect from RIL's Q2 numbers: Nomura September quarter will likely be the 11th consecutive quarter of stand-alone QoQ profit growth. We expect refining premium to...