RIL Q4 FY18 Consolidated Estimates

By S P Tulsian
about 11 months ago
1

By SP Tulsian

 

Reliance Industries Ltd. (RIL) will declare its Q4 FY18 results (quarter ended 31st March, 2018), on Friday, 27th April, 2018. Our estimates, on Consolidated basis are as under:

 

(Rs./Crore)

 

Particulars

Q4 ending 31-03-18

Q3 ending 31-12-17

Segment Revenue

 

 

  • Petrochem

36,090

33,726

  • Refinery

77,380

75,865

  • Oil & Gas

1,790

1,631

  • Organised Retail

20,870

18,798

  • Digital Service

9,600

8,136

  • Others

3,090

3,026

Gross Turnover

1,48,820

1,41,182

Less: Inter Segment

32,920

31,277

 

1,15,900

1,09,905

Less: GST Recovered

7,580

7,405

Net Turnover

1,08,320

1,02,500

 

 

 

EBIT Margins

 

 

1. Petrochem (18%)

6,490

5,753

2. Refinery (8.20%)

6,340

6,165

3. Oil & Gas

(-) 60

(-) 291

4. Organised Retail

455

487

5. Digital Services

1,030

1,440

6. Others

170

235

PBIT

14,425

13,789

Less: Interest Expenses

(-) 2,780

(-) 2,095

Add: Interest Income

570

779

Add: Other Unallocated Income

590

747

PBT

12,805

13,220

Less: Provision for Tax @ 20%

(-) 2,560

(-) 2,634

Less: Deferred Tax

(-) 990

(-) 1,141

Profit After Tax

9,255

9,445

EPS

15.65

15.95

Notes:

  1. GRM for Q4 is seen at $ 11.50 per barrel, against $11.60 per barrel of Q3 FY18, after adjusting for net inventory gain of $0.20, as Crude has risen by about 9% on an average, to $67/ Barrel.
  2. Singapore benchmark is seen at $7.2 for Q4, which was at $7.2 in Q3FY18.
  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. Crude Refined volume is estimated at 17.6 MMT and Petchem volume at 8.3 MMT.

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