RIL Q1 FY18 Consolidated Estimates

By S P Tulsian
about 7 years ago
1

By SP Tulsian

 

Reliance Industries Ltd. (RIL) will declare its Q1 FY18 results (quarter ended 30th June, 2017), on Thursday 20th June, 2017. Our estimates on Consolidated basis are as under:

 

(Rs./Crore)

 

Particulars

Q1 ending

30-06-17

Q4 ending

31-03-17

Segment Revenue

 

 

    Petrochem

25,760

26,478

    Refinery

67,830

72,045

    Oil & Gas

1,270

1,309

    Organised Retail

10,780

10,332

    Others

3,385

3,496

Gross Turnover

1,09,025

1,13,660

Less: Inter Segment

19,845

20,771

 

89,180

92,889

Less: Excise Duty

7,830

8,066

Net Turnover

81,350

84,823

 

 

 

EBIT Margins

 

 

1. Petrochem (14%)

3,605

3,441

2. Refinery (9.1%)

6,170

6,294

3. Oil & Gas

(-) 390

(-) 486

4. Organised Retail

270

243

4. Others

190

175

PBIT

9,845

9,667

Less: Interest Expenses

(-) 585

(-) 556

Add: Interest Income

390

403

Add: Other Unallocated Income

675

740

PBT

10,325

10,254

Less: Provision for Tax @ 23%

(-) 2,375

(-) 1,795

Less: Deferred Tax

(-) 165

(-) 406

Profit After Tax

7,785

8,053

EPS

26.30

27.27

*Figures in bracket indicates % margin for Q1FY18.

 

Notes:

  1. GRM for Q4 is seen at $ 11.10 per barrel, against $11.50 per barrel of Q4 FY17, after adjusting for net inventory loss of $0.40, as Crude has corrected by about 7% or about $4 per barrel in Q1, to at an average of $55/ Barrel.
  2. Singapore benchmark is seen at $ 6.4 for Q1, which was at $ 6.4 in Q4FY17.
  3. EPS is calculated on the equity base of Rs. 2,960 crores, on Net off basis, in Consolidated Results.                                   
  4. Reliance Jio will not have any effect in Q1FY18 financials, as no revenue and expense recognition are likely to be seen seen.
  5. Crude Refined volume is estimated at 17.70 MMT and Petchem volume at 6.33 MMT.

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