RIL Q1FY19 Consolidated Estimates

By S P Tulsian
about 6 months ago
1

Reliance Industries Ltd. (RIL) will declare its Q1 FY19 results (quarter ended 30th June, 2018), on Friday, 27th July, 2018. Our estimates, on Consolidated basis, are as under:

(Rs./Crore)

Particulars

Q1FY19

(Qtr ending

30-06-18)

Q4FY18

(Qtr ending

31-03-18)

Segment Revenue

 

 

Petrochem

43,970

38,113

Refinery

1,02,730

93,519

Oil & Gas

730

746

Organised Retail

22,960

24,183

Digital Service

9,790

8,421

Others

3,480

3,367

Gross Turnover

1,83,660

1,68,349

Less: Inter Segment

43,930

39,229

 

1,39,730

1,29,120

Less: GST Recovered

9,970

8,977

Net Turnover

1,29,760

1,20,143

 

 

 

EBIT Margins

 

 

1. Petrochem (15.85%)

6,970

6,435

2. Refinery (5.48%)

5,630

5,607

3. Oil & Gas

(-) 510

(-) 600

4. Organised Retail (3.45%)

790

951

5. Digital Services (16.14%)

1,580

1,495

6. Others

790

836

PBIT

15,250

14,724

Less: Interest Expenses

(-) 2,835

(-) 2,566

Add: Interest Income

690

714

Add: Other Unallocated Income

365

374

PBT

13,470

13,246

Less: Provision for Tax @ 20%

(-) 2,695

(-) 2,690

Less: Deferred Tax

(-) 905

(-) 1,097

Profit After Tax

9,870

9,459

EPS

16.60

15.93

  1. GRM for Q1 is seen at $ 10.90 per barrel, against $11 per barrel of Q4 FY18, after adjusting for net inventory gain of $0.30, as Crude has risen by about 11% on an average, to $74.5/ Barrel.
  2. Singapore benchmark is seen at $ 6 for Q1, which was at $ 7 in Q4FY18.
  3. EPS is calculated on the equity base of Rs. 5,950 crores, on net off basis.                                   
  4. Crude Refined volume is estimated at 17.2 MMT and Petchem volume at 8.9 MMT.

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