RIL - Q4FY12 ESTIMATES

By SP Tulsian

Reliance Industries Ltd. (RIL) will declare its Q4  FY12 (quarter ended 31^st March 2012) results on 20^th April, 2012. Our estimates are as under:

Notes:

1. GRM for March 2012 quarter is estimated at $ 6.60 per barrel.
2. Advance Tax Paid by the Company for FY12
   
3. Share buy-back of 12 crore shares, upto Rs.870 per share, will act as a good support to share at Rs.725.
4. Company had bought back 42 lakh shares for Rs.318 crores till 3^rd April 2012, at an average price of Rs.757 per share.