RIL Q2FY13 ESTIMATES
RIL Q2FY13 ESTIMATES
By SP Tulsian
Reliance Industries Ltd. (RIL) will declare its Q2FY13 (quarter ended 30th September 2012) results on 15th October, 2012. Our estimates are as under:
(Amount in Rs./ Crore)
| Particulars | Q2 ending 30-09-12 | Quater end 30-06-12 |
| Segment Revenue |
|
|
| 1) Petrochem | 22,240 | 21,839 |
| 2) Refinery | 82,650 | 85,383 |
| 3) Oil & Gas | 2,210 | 2,508 |
| 4) Others | 250 | 248 |
| Gross Turnover | 107,350 | 109,978 |
| Less: Inter Segment | 14,850 | 15,052 |
|
| 92,500 | 94,926 |
| Less: Excise Duty | 3,000 | 3,051 |
| Net Turnover | 89,500 | 91,875 |
|
|
|
|
| EBIT Margins |
|
|
| 1) Petrochem (9.85%)* | 2,190 | 1,756 |
| 2) Refinery (3.52%)* | 2,910 | 2,151 |
| 3) Oil & Gas (35.10%)* | 775 | 972 |
| 4) Others | 0 | 1 |
| PBIT | 5,875 | 4,880 |
| Less: Interest Expenses | (835) | (784) |
| Less: Other Unallocated Income | 55 | 46 |
| Add: Interest Income | 1475 | 1,291 |
| PBT | 6,570 | 5,433 |
| Less: Provision for Tax @20% | (1,315) | (1,082) |
| Less: Provision for Def. Tax | 125 | 122 |
| Profit After Tax | 5,380 | 4,473 |
| EPS | 16.65 | 13.80 |
*Figures in brackets indicates % margin for Q2FY13
Notes:
- GRM for September 2012 quarter is estimated at $ 9.20 per barrel. ($ 7.60 in Q1 FY 13).
- Advance Tax paid by the company –
| Installment date | Amount in Rs. crore |
| On 15-06-12 | 768 |
| On 15-09-12 | 1,530 |
| Total | 2,298 |
- 15% QoQ decline in D6 Gas.
- Diesel Hydrotreater unit of DTA, had 17 days planned maintenance shutdown.
- EPS for FY13 is likely to be around Rs. 63.
- Company raised $ 1 bn. in May 12 and $ 1.5 bn. in October 12.