RIL Q1FY15 ESTIMATES
By SP Tulsian
Reliance Industries Ltd. (RIL) will declare its Q1 FY15 (quarter ended 30th June, 2014) results on 19th July, 2014.
Our estimates are as under:
( Rs./Crore)
| Particulars | Q1 ending 30-06-14 | Q4 ending 31-03-14 |
| Segment Revenue |
|
|
| 24,810 | 24,343 |
| 89,310 | 87,624 |
| 1,430 | 1,417 |
| 350 | 394 |
| Gross Turnover | 1,15,900 | 1,13,778 |
| Less: Inter Segment | 16,200 | 15,971 |
|
| 99,700 | 97,807 |
| Less: Excise Duty | 2,670 | 2,614 |
| Net Turnover | 97,030 | 95,193 |
|
|
|
|
| EBIT Margins |
|
|
| 1. Petrochem (8.50%) | 2,110 | 2,096 |
| 2. Refinery (4.20%) | 3,740 | 3,954 |
| 3. Oil & Gas (26.60%) | 380 | 378 |
| 4. Others | 170 | 199 |
| PBIT | 6,400 | 6,627 |
| Less: Interest Expenses | -800 | -799 |
| Add: Interest Income | 1,410 | 1,446 |
| Less: Other Unallocated Income | 10 | 19 |
| PBT | 7,020 | 7,293 |
| Less: Provision for Tax @20.90% | -1,465 | -1,526 |
| Less: Deferred Tax | -95 | -136 |
| Profit After Tax | 5,460 | 5,631 |
| EPS | '16.90 | '17.10 |
*Figures in brackets indicates % margin for Q1FY15.
Notes:
- GRM for June 2015 quarter is estimated at $ 8.70 per barrel against $ 9.30 in Q4FY14.
- EPS for FY15 is likely to be at Rs.72.
- Singapore GRM in Q1 FY15 was at $ 5.90 while it was at $ 6.30 in Q4 of FY14.