RIL Q3 FY13 ESTIMATES
RIL Q3 FY13 ESTIMATES
By S.P.Tulsian
Reliance Industries Ltd. (RIL) will declare its Q3FY12 (quarter ended 31st December 2012) results on 18th January, 2013. Our estimates are as under:
(Amount in Rs./ Crore)
| Particulars | Q3 ending 31-12-12 (estimate) | Q2 ending 30-09-12 (actual) |
| Segment Revenue |
|
|
| 1) Petrochem | 21,590 | 22,058 |
| 2) Refinery | 82,240 | 83,878 |
| 3) Oil & Gas | 2,180 | 2,254 |
| 4) Others | 170 | 168 |
| Gross Turnover | 106,180 | 108,358 |
| Less: Inter Segment | 14,940 | 15,093 |
|
| 91,240 | 93,265 |
| Less: Excise Duty | 2,900 | 2,930 |
| Net Turnover | 88,340 | 90,335 |
|
|
|
|
| EBIT Margins |
|
|
| 1) Petrochem (7.45%)* | 1,610 | 1,740 |
| 2) Refinery (4.50%)* | 3,700 | 3,544 |
| 3) Oil & Gas (37.20%)* | 810 | 866 |
| 4) Others | 10 | 8 |
| PBIT | 6,130 | 6,158 |
| Less: Interest Expenses | (770) | (737) |
| Less: Other Unallocated Income | 10 | 12 |
| Add: Interest Income | 1430 | 1,370 |
| PBT | 6,800 | 6,803 |
| Less: Provision for Tax @ 20% | (1,360) | (1,361) |
| Less: Provision for Def. Tax | (35) | (66) |
| Profit After Tax | 5,405 | 5,376 |
| EPS | 16.75 | 16.60 |
*Figures in brackets indicates % margin for Q3FY13.
Notes:
- GRM for December 2012 quarter is estimated at $ 10.10 per barrel. ($ 9.50 in Q2 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 |
| On 15-12-12 | 1,100 |
| Total | 3,398 |
- Q3 production are estimated as under:-
- Crude - Refined 17.5 MMT
- Petrochemical - Production 5.4 MT
- KG D6 - 0.73 million barrel of crude and 88 BCF of natural gas.
- EPS for FY13 is likely to be around Rs. 64.