RIL Q1 FY16 ESTIMATES
By S.P. Tulsian
Reliance Industries Ltd. (RIL) will declare its Q1 FY16 (quarter ended 30th June, 2015) results on 24th July, 2015.
Our estimates on consolidated basis are as under:
(Rs./Crore)
| Particulars | Q1 ending 30-06-15 | Q4 ending 31-03-15 |
|
| Estimates | Actuals |
| Segment Revenue |
|
|
| 21,930 | 21,754 |
| 54,980 | 56,442 |
| 2,390 | 2,513 |
| 4,880 | 4,788 |
| 2,790 | 2,833 |
| Gross Turnover | 86,970 | 88,330 |
| Less: Inter Segment | 16,890 | 17,467 |
|
| 70,080 | 70,863 |
| Less: Excise Duty | 3,295 | 3,393 |
| Net Turnover | 66,785 | 67,470 |
|
|
|
|
| EBIT Margins* |
|
|
| 1. Petrochem (9.94%) | 2,180 | 2,003 |
| 2. Refinery (8.53%) | 4,690 | 4,902 |
| 3. Oil & Gas (19.45%) | 465 | 489 |
| 4. Organised Retail (2.17%) | 106 | 104 |
| 5. Others | 315 | 322 |
| PBIT | 7,756 | 7,820 |
| Less: Interest Expenses | -875 | -677 |
| Add: Interest Income | 1,160 | 1,085 |
| Add: Other Unallocated Income | 390 | 281 |
| PBT | 8,431 | 8,509 |
| Less: Provision for Tax @ 20.40% | -1,720 | -1,732 |
| Less: Deferred Tax | -340 | -348 |
| Profit After Tax | 6,371 | 6,429 |
| EPS | 19.70 | 19.87 |
*Figures in brackets indicates % margin for Q1FY16.
Notes:
- GRM for Q4 is seen at $ 9.5 per barrel, as Q1 is having marginal inventory loss as well.
- Singapore benchmark was seen at $ 8 for Q1 FY16, which was at $ 8.6 in Q4FY15.
- EPS is calculated on the equity base of Rs. 3,236 crores, and not on reduced equity, as being shown by the company in its consolidated results.