RIL Q1 FY17 Estimates

By Research Desk
about 8 years ago

By S.P. Tulsian

 

Reliance Industries Ltd. (RIL) will declare its Q1 FY17 (quarter ended 30th June, 2016) results on 15th July, 2016.

Our estimates on consolidated basis are as under:

 

(Rs./Crore)

 

Particulars

Q1 ending     30-06-16

Q4 ending  31-03-16

Segment Revenue

 

 

1.  Petrochem

24,850

20,915

2.  Refinery

58,400

48,064

3.  Oil & Gas

1,730

1,638

4.  Organised Retail

6,100

5,781

5.  Others

2,800

2,869

Gross Turnover

93,880

79,267

Less: Inter Segment

18,980

14,698

 

74,900

64,569

Less: Excise Duty

4,850

4,317

Net Turnover

70,050

60,252

 

 

 

EBIT Margins

 

 

1. Petrochem (11.70%)

2,910

2,713

2. Refinery (10.25%)

5,990

6,394

3. Oil & Gas

(-)110

14

4. Organised Retail (2.38%)

145

131

4. Others

290

320

PBIT

9,225

9,572

Less: Interest Expenses

(-) 855

0

Add: Interest Income

830

802

Less: Other Unallocated Income

45

49

PBT

9,245

9,610

Less: Provision for Tax @ 23%

(-) 2,125

0

Less: Deferred Tax

(-) 45

0

Profit After Tax

7,075

7,442

EPS

2221.85.

22.95

*Figures in brackets indicates % margin for Q1FY17.

 

Notes:

 

1.     GRM for Q1 is seen at $ 9.80 per barrel, against $10.80 per barrel of Q4 FY16, including expected inventory gain of around $1 barrel in Q1.

2.     Singapore benchmark was seen at $ 5.20 for Q1, which was at $ 7.70 in Q4FY16.

3.     EPS is calculated on the equity base of Rs. 3,240 crore, and not on reduced equity, as being shown by the company in its consolidated results.

4.      Company paid Advance Tax of Rs. 1,300 crores on 15.06.16.