RIL Q2FY21 Estimates
Reliance Industries Ltd. (RIL) will declare its Q2FY21 results (quarter ended 30th September, 2020), on Friday, 30th October, 2020. Our estimates, on consolidated basis are as under:
(Rs./ Crore)
| Sr. No. | Particulars | Q2FY21E (Estimates for Qtr ending 30-09-20) | Q1FY21A (Actuals for Qtr ending 30-06-20) |
| 1) | Segment Revenue |
|
|
|
|
| 38,030 | 25,192 |
|
|
| 59,780 | 46,642 |
|
|
| 690 | 506 |
|
|
| 45,870 | 31,633 |
|
|
| 22,580 | 21,302 |
|
|
| 990 | 690 |
|
|
| 9,980 | 8,153 |
|
| Gross Turnover | 1,77,920 | 1,34,118 |
|
| Less: Inter Segment | (-) 43,810 | (-) 33,189 |
|
|
| 1,34,110 | 1,00,929 |
|
| Less: GST Recovered | (-) 13,080 | (-) 9,691 |
|
| Net Turnover | 1,21,030 | 91,238 |
| 2) | Segment Results (EBITDA) |
|
|
|
|
| 5,410 | 4,430 |
|
|
| 3,780 | 3,818 |
|
|
| (-) 50 | (-) 32 |
|
|
| 1,510 | 1,083 |
|
|
| 9,190 | 7,803 |
|
|
| 490 | 380 |
|
|
| 1,800 | 1,409 |
|
| Total Segment Profit before interest, Tax, Depreciation & Amortisation | 22,130 | 18,891 |
| 3) | EBIT (Margins) |
|
|
|
|
| 4,140 | 3,392 |
|
|
| 2,770 | 2,892 |
|
|
| (-) 590 | (-) 511 |
|
|
| 1,070 | 722 |
|
|
| 5,890 | 4,708 |
|
|
| 490 | 380 |
|
|
| 1,460 | 1,095 |
|
| PBIT | 15,230 | 12,678 |
|
| Less: Interest Expenses | (-) 6,860 | (-) 6,735 |
|
| Add: Interest Income | 2,950 | 2,792 |
|
| Add: Other Unallocated Income | (-) 110 | (-) 193 |
|
| PBE&T | 11,210 | 8,542 |
|
| Exceptional Income/ Expenses | (-) 2,180 | 4,966 |
|
| Profit before Tax | 9,030 | 13,508 |
|
| Less: Provision for Tax | (-) 1,080 | (-) 923 |
|
| Less: Deferred Tax | 670 | 663 |
|
| Profit After Tax | 8,620 | 13,248 |
Note: % in brackets indicate margin for Q2FY21E
Key Assumptions:
- GRM for Q2FY21 is estimated at $6.4 per barrel, against $6.3 per barrel of Q1FY21
- Singapore benchmark was NIL for Q2FY21, which was negative $0.90 in Q1FY21
- Crude Refined volume is estimated at 16.2 MMT in Q2FY21, against 16.6 MMT QoQ and Petchem volume is estimated at 9.8 MMT in Q2 FY21, against 8.9 MMT QoQ
- Jio Subscribers seen at 409 million at end of Q2FY21, against 398.3 million at end of Q1FY21. ARPU is estimated at Rs.145 for Q2 against Rs. 140.30 for Q1.
- Retail area estimated at 29 million sq. ft. at the end of Q2FY21, against 29 million sq. ft. seen at the end of Q1FY21.
- Company has not paid 2nd instalment of advance tax, on standalone basis, which is surprising.
29th Oct 2020 at 10:38 am