RIL Q1 FY16 ESTIMATES

By Research Desk
about 9 years ago

By S.P. Tulsian

 

Reliance Industries Ltd. (RIL) will declare its Q1 FY16 (quarter ended 30th June, 2015) results on 24th July, 2015.

Our estimates on consolidated basis are as under:

 

(Rs./Crore)

 

Particulars

Q1 ending     30-06-15

Q4 ending  31-03-15

 

Estimates

Actuals

Segment Revenue

 

 

  1. Petrochem

21,930

21,754

  1. Refinery

54,980

56,442

  1. Oil & Gas

2,390

2,513

  1. Organised Retail

4,880

4,788

  1. Others

2,790

2,833

Gross Turnover

86,970

88,330

Less: Inter Segment

16,890

17,467

 

70,080

70,863

Less: Excise Duty

3,295

3,393

Net Turnover

66,785

67,470

 

 

 

EBIT Margins*

 

 

1. Petrochem (9.94%)

2,180

2,003

2. Refinery (8.53%)

4,690

4,902

3. Oil & Gas (19.45%)

465

489

4. Organised Retail (2.17%)

106

104

5. Others

315

322

PBIT

7,756

7,820

Less: Interest Expenses

-875

-677

Add: Interest Income

1,160

1,085

Add: Other Unallocated Income

390

281

PBT

8,431

8,509

Less: Provision for Tax @ 20.40%

-1,720

-1,732

Less: Deferred Tax

-340

-348

Profit After Tax

6,371

6,429

EPS

19.70

19.87

*Figures in brackets indicates % margin for Q1FY16.

Notes:

  1. GRM for Q4 is seen at $ 9.5 per barrel, as Q1 is having marginal inventory loss as well.
  2. Singapore benchmark was seen at $ 8 for Q1 FY16, which was at $ 8.6 in Q4FY15.
  3. EPS is calculated on the equity base of Rs. 3,236 crores, and not on reduced equity, as being shown by the company in its consolidated results.