RIL Q4FY19 Estimates
Reliance Industries Ltd. (RIL) will declare its Q4FY19 results (quarter ended 31st March, 2019), on Thursday, 18th April, 2019. Our estimates, on consolidated basis, are as under:
(Rs./Crore)
| Particulars | Q4FY19E (Estimates for Qtr ending 31-03-19) | Q3FY19A (Actuals for Qtr ending 31-12-18) |
| Segment Revenue |
|
|
| 44,640 | 46,246 |
| 1,03,110 | 1,11,738 |
| 1,130 | 1,182 |
| 39,490 | 35,577 |
| 13,590 | 12,302 |
| 5,660 | 5,707 |
| Gross Turnover | 2,07,620 | 2,12,752 |
| Less: Inter Segment | (-) 39,870 | (-) 41,416 |
|
| 1,67,750 | 1,71,336 |
| Less: GST Recovered | (-) 10,490 | (-) 11,037 |
| Net Turnover | 1,57,260 | 1,60,299 |
|
|
|
|
| EBIT Margins |
|
|
| 8,120 | 8,221 |
| 4,630 | 5,055 |
| (-) 195 | (-) 185 |
| 1,765 | 1,512 |
| 2,680 | 2,362 |
| 395 | 376 |
| PBIT | 17,395 | 17,341 |
| Less: Interest Expenses | (-) 4,390 | (-) 4,119 |
| Add: Interest Income | 1,295 | 1,171 |
| Add: Other Unallocated Income | 95 | 52 |
| PBT | 14,395 | 14,445 |
| Less: Provision for Tax @ 20.5% | (-) 2,950 | (-) 2,955 |
| Less: Deferred Tax | (-) 970 | (-) 1,114 |
| Profit After Tax | 10,475 | 10,376 |
| EPS | 2215117.80. | 17.30 |
Note: Margins in brackets stand for Q4FY19E
Key Assumptions:
- GRM for Q4 is seen at $8.10 per barrel, against $8.80 per barrel of Q3FY19, after adjusting for inventory gains.
- Singapore benchmark is seen at US $3.3 for Q4FY19, which was at $4.3 in Q3FY19.
- Crude Refined volume is estimated at 16.8 MMT and Petchem volume is estimated at 9.4 MMT.
- Jio subscribers estimated at 300 million. Retail area estimated at 21.40 million sq. ft. as of 31-3-19.