RIL Q4 FY17 Consolidated Estimates
Reliance Industries Ltd. (RIL) will declare its Q4 FY17 results (quarter ended 31st March, 2017), as also, Audited Results for FY17, on Monday, 24th April, 2017. Our estimates on Consolidated basis are as under:
(Rs./Crore)
| Particulars | Q4 ending 31-03-17 | Q3 ending 31-12-16 |
| Segment Revenue |
|
|
| 24,770 | 22,854 |
| 61,540 | 61,693 |
| 1,275 | 1,215 |
| 9,030 | 8,688 |
| 2,030 | 2,156 |
| Gross Turnover | 98,645 | 96,606 |
| Less: Inter Segment | 13,715 | 12,417 |
|
| 84,930 | 84,189 |
| Less: Excise Duty | 4,720 | 4,781 |
| Net Turnover | 80,210 | 79,408 |
|
|
|
|
| EBIT Margins |
|
|
| 1. Petrochem (14.90%) | 3,690 | 3,301 |
| 2. Refinery (9.8%) | 6,030 | 6,194 |
| 3. Oil & Gas | (-) 190 | (-) 295 |
| 4. Organised Retail | 295 | 231 |
| 4. Others | 90 | 72 |
| PBIT | 9,915 | 9,503 |
| Less: Interest Expenses | (-) 1,390 | (-) 1,209 |
| Add: Interest Income | 770 | 704 |
| Add: Other Unallocated Income | 995 | 1,215 |
| PBT | 10,290 | 10,213 |
| Less: Provision for Tax @ 24% | (-) 2,470 | (-) 2,432 |
| Less: Deferred Tax | (-) 120 | (-) 287 |
| Profit After Tax | 7,700 | 7,494 |
| EPS | 26.01 | 25.40 |
*Figures in brackets indicates % margin for Q4FY17.
Notes:
- GRM for Q4 is seen at $ 10.60 per barrel, against $10.80 per barrel of Q3 FY17, including expected net inventory gain of $0.40, as Crude has risen by 7% or about $3.50 per barrel in Q4.
- Singapore benchmark is seen at $ 6.4 for Q4, which was at $ 6.7 in Q3FY17.
- EPS is calculated on the equity base of Rs. 2,960 crores, as shown on Net off basis in Consolidated Results.
- Reliance Jio will not have any effect in Q4FY17 financials, as no revenue and expense recognition is seen.
- Crude Refined volume is estimated at 17.60 MMT and Petchem volume at 6.45MMT.
- Petchem segment is likely to perform better due to Volume growth to be seen, with capacity expansion and Polymer & Polyester spread seen higher.
- Company paid Advance Tax of :
1st instalment: Rs.1,300 crores on 15.06.2016
2nd instalment: Rs.2,667 crores on 15.09.2016
3rd instalment: Rs.2,600 crores on 15.12.2016
4th instalment: Rs.1,664 crores on 15.03.2017.
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