RIL Q3 FY18 Consolidated Estimates

By S P Tulsian
about 1 year ago
1

Reliance Industries Ltd. (RIL) will declare its Q3 FY18 results (quarter ended 31st December, 2017), on Friday, 19th January, 2018. Our estimates, on Consolidated basis, are as under:

 

(Rs./Crore)

 

Particulars

Q3 ending

31-12-17

Estimated

Q2 ending

30-9-17 Actuals

Segment Revenue

 

 

  • Petrochem

32,980

27,999

  • Refinery

82,320

69,766

  • Oil & Gas

1,790

1,503

  • Organised Retail

17,280

14,646

  • Digital Service

12,650

7,213

  • Others

2,850

2,459

Gross Turnover

1,49,870

1,23,586

Less: Inter Segment

26,670

22,417

 

1,23,200

1,01,169

Less: GST Recovered

8,670

6,084

Net Turnover

1,14,530

95,085

 

 

 

EBIT Margins

 

 

1. Petrochem (15.55%)

5,130

4,960

2. Refinery (7.86%)

6,470

6,621

3. Oil & Gas

(-) 170

(-) 272

4. Organised Retail

390

334

5. Digital Services

740

261

6. Others

130

142

EBIT

12,690

12,046

Less: Interest Expenses

(-) 2,560

(-) 2,272

Add: Interest Income

635

729

Add: Other Unallocated Income

610

834

PBT

11,375

11,337

Less: Provision for Tax @ 20%

(-) 2,475

(-) 2,453

Less: Deferred Tax

(-) 630

(-) 787

Profit After Tax

8,270

8,097

EPS

14.00

13.67

*Figures in bracket indicates % margin for Q3FY18.

 

Notes:

  1. GRM for Q3 is seen at $ 11.90 per barrel, against $12 per barrel of Q2 FY18, after adjusting for net inventory gain of $0.30, as Crude has risen by about 19% or about $9.50 per barrel in Q3, to an average of $61/ Barrel.
  2. Singapore benchmark is seen at $ 7.3 for Q3, which was at $ 8.3 in Q2FY18.
  3. EPS is calculated on the equity base of Rs. 5,920 crores, on net off basis, post 1:1 Bonus, in Consolidated Results.                                   
  4. Reliance Jio Q3FY18 financials, viz. revenue and expense recognition are considered on approx. basis, with no credible data seen available with us.
  5. Crude Refined volume is estimated at 17.90 MMT and Petchem volume at 7.6 MMT.

 

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