RIL Q2FY19 Consolidated Estimates
RIL Q2FY19 Consolidated Estimates
By S.P. Tulsian
Reliance Industries Ltd. (RIL) will declare its Q2 FY19 results (quarter ended 30th September, 2018), on Wednesday, 17th October, 2018. Our estimates, on a consolidated basis, are as under:
(Rs./Crore)
| Particulars | Q2FY19E (Estimates for Qtr ending 30-09-18) | Q1FY19A (Actuals for Qtr ending 30-06-18) |
| Segment Revenue |
|
|
| 41,070 | 40,287 |
| 98,640 | 95,646 |
| 1,410 | 1,432 |
| 26,930 | 25,890 |
| 10,720 | 9,653 |
| 3,030 | 2,968 |
| Gross Turnover | 1,81,800 | 1,75,876 |
| Less: Inter Segment | (-) 35,200 | (-) 34,177 |
|
| 1,46,600 | 1,41,699 |
| Less: GST Recovered | (-) 8,890 | (-) 8,630 |
| Net Turnover | 1,37,710 | 1,33,069 |
|
|
|
|
| EBIT Margins |
|
|
| 8,130 | 7,857 |
| 5,490 | 5,315 |
| (-) 410 | (-) 447 |
| 1,090 | 1,069 |
| 1,830 | 1,715 |
| 360 | 396 |
| EBIT | 16,490 | 15,905 |
| Less: Interest Expenses | (-) 3,760 | (-) 3,550 |
| Add: Interest Income | 1,280 | 1,366 |
| Add: Other Unallocated Income | 130 | 5 |
| PBT | 14,140 | 13,726 |
| Less: Provision for Tax @ 21.90% | (-) 3,090 | (-) 3,007 |
| Less: Deferred Tax | (-) 1,390 | (-) 1,234 |
| Profit After Tax | 9,660 | 9,484 |
| EPS | 216.20 | 15.97 |
Key Assumptions:
- GRM for Q2 is seen at $10.60 per barrel, against $10.50 per barrel of Q1FY19, after adjusting for net inventory gain of $0.20, as Crude has risen by about 1.3% on an average, to $75.5/ Barrel in the September quarter.
- Singapore benchmark is seen at $6.1 for Q2, which was at $6.1 in Q1FY19.
- Crude Refined volume is estimated at 16.9 MMT and Petchem volume estimated at 9.3 MMT.
- Jio Subscribers estimated at 248 million. Retail area estimated at 19.5 million sq.ft.