RIL Q2 FY17 Estimates

By Research Desk
about 4 years ago

By S.P. Tulsian

 

Reliance Industries Ltd. (RIL) will declare its Q2 FY17 (quarter ended 30th September, 2016) results on 20th October, 2016.

Our estimates on Consolidated basis are as under:

 

(Rs./Crore)

 

Particulars

Q2 ending

30-09-16

Q1 ending

30-06-16

Segment Revenue

 

 

1.  Petrochem

22,370

20,718

2.  Refinery

60,920

56,568

3.  Oil & Gas

1,670

1,340

4.  Organised Retail

6,980

6,666

5.  Others

2,380

2,419

Gross Turnover

94,320

87,711

Less: Inter Segment

17,690

16,260

 

76,630

71,451

Less: Excise Duty

6,910

6,461

Net Turnover

69,720

64,990

 

 

 

EBIT Margins*

 

 

1. Petrochem (13.80%)

3,090

2,806

2. Refinery (10.20%)

6,210

6,593

3. Oil & Gas

-110

-312

4. Organised Retail (2.36%)

165

148

4. Others

120

127

PBIT

9,475

9,362

Less: Interest Expenses

-1,230

-1,206

Add: Interest Income

945

927

Add: Other Unallocated Income

290

575

PBT

9,480

9,658

Less: Provision for Tax @ 24%

-2,275

-2,306

Less: Deferred Tax

-250

-275

Profit After Tax

6,955

7,077

EPS

23.6

24

*Figures in brackets indicates % margin for Q2FY17.

 

Notes:

 

1.     GRM for Q2 is seen at $ 10.60 per barrel, against $11.50 per barrel in Q1 FY17, including expected inventory gain of around $1.60 barrel in Q2.

2.     Singapore benchmark was seen at $ 5 for Q2, which was at $ 5.20 in Q1FY17.

3.     EPS is calculated on the equity base of Rs. 2,950 crore, as shown on Net off basis in its Consolidated results.

4.     Company paid Advance Tax of:

              Rs. 1,300 crore on 15.06.2016.

              Rs. 2,667 crore on 15.09.2016.

5.     Company will be completing its PX capacity expansion of 2 MMTPA soon. Pet Coke Gasification Project is also on schedule.  

 

 

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