RIL Q2 FY16 Estimates

By Research Desk
about 9 years ago

By S.P. Tulsian

 

Reliance Industries Ltd. (RIL) will declare its Q2 FY16 (quarter ended 30th September, 2015) results on 16th October, 2015. Our estimates on consolidated basis are as under:

 

(Rs./Crore)

 

Particulars

Q2 ending     30-09-15

Q1 ending  30-06-15

Segment Revenue

 

 

  1. Petrochem

19,350

20,858

  1. Refinery

55,060

68,729

  1. Oil & Gas

1,730

2,057

  1. Organised Retail

4,590

4,698

  1. Others

2,170

2,579

Gross Turnover

82,900

98,921

Less: Inter Segment

14,090

15,857

 

68,810

83,064

Less: Excise Duty

5,170

5,934

Net Turnover

63,640

77,130

 

 

 

EBIT Margins

 

 

1. Petrochem (13.26%)

2,565

2,338

2. Refinery (8.25%)

4,540

5,252

3. Oil & Gas (0.29%)

05

32

4. Organised Retail (2.00%)

92

111

5. Others

218

234

PBIT

7,420

7,967

Less: Interest Expenses

-920

-902

Add: Interest Income

865

781

Add: Other Unallocated Income

295

306

PBT

7,660

8,152

Less: Provision for Tax @22.40%

-1,710

-1,825

Less: Deferred Tax

-88

-104

Profit After Tax

5,862

6,223

EPS

18.11

19.23

*Figures in brackets indicates % margin for Q2FY16.

Notes:

  1. GRM for Q2 is seen at $ 9.10 per barrel, as against $10.40 per barrel of Q1, due to inventory loss of Rs. 390 crores likely in Q2.
  2. Singapore benchmark was seen at $ 6.40 for Q2, which was at $ 8 in Q1FY16.
  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.
  4. Company paid Advance Tax of Rs. 1,060 crores on 15.06.15 and Rs. 1,670 crores on 15.09.15, which is 45% of its estimated tax liability for FY16, net off TDS.
  5. Current Assets and Net Debt, as at 30.09.15, to be examined, post results, which will be given with Q2 numbers.