RIL Q2 FY14 ESTIMATES
By S.P. Tulsian
Reliance Industries Ltd. (RIL) will declare its Q2 FY14 (quarter ended 30th September, 2013) results on 14th October, 2013. Our estimates are as under:
( Rs./Crore)
| Particulars | Q2 ending 30-09-13 | Q1 ending 30-06-13 |
| Segment Revenue |
|
|
| 23,790 | 21,950 |
| 87,930 | 81,458 |
| 1,470 | 1,454 |
| 490 | 616 |
| Gross Turnover | 113,680 | 105,478 |
| Less: Inter Segment | 15,390 | 14,889 |
|
| 98,290 | 90,589 |
| Less: Excise Duty | 3,000 | 2,944 |
| Net Turnover | 95,290 | 87,645 |
|
|
|
|
| EBIT Margins |
|
|
| 1. Petrochem (8.40%) | 2,000 | 1,888 |
| 2. Refinery (3.22%) | 2,830 | 2,951 |
| 3. Oil & Gas (26%) | 380 | 352 |
| 4. Others | 60 | 84 |
| PBIT | 5,270 | 5,275 |
| Less: Interest Expenses | -865 | -810 |
| Add: Interest Income | 1,975 | 1,628 |
| Less: Other Unallocated Expenses | 290 | 569 |
| PBT | 6,670 | 6,662 |
| Less: Provision for Tax @20% | -1,335 | -1,391 |
| Less: Deferred Tax | -25 | 81 |
| Profit After Tax | 5,310 | 5,352 |
| EPS | '16.45 | '16.60 |
*Figures in brackets indicates % margin for Q2FY14.
Notes:
- GRM for September 2013 quarter is estimated at $ 7.60 per barrel. ($ 8.40 in Q1FY14).
- Advance Tax paid by the company-
| Installment date | Rs. crore |
| On 15-06-13 | 779 |
| On 15-09-13 | 1,670 |
- EPS for FY14 is likely to be around Rs.67.
- Singapore GRM in FY 14 Q1 was at $ 6.60 while it was at $ 5.50 in Q2.