RIL Q1 FY17 Estimates
By S.P. Tulsian
Reliance Industries Ltd. (RIL) will declare its Q1 FY17 (quarter ended 30th June, 2016) results on 15th July, 2016.
Our estimates on consolidated basis are as under:
(Rs./Crore)
| Particulars | Q1 ending 30-06-16 | Q4 ending 31-03-16 |
| Segment Revenue |
|
|
| 1. Petrochem | 24,850 | 20,915 |
| 2. Refinery | 58,400 | 48,064 |
| 3. Oil & Gas | 1,730 | 1,638 |
| 4. Organised Retail | 6,100 | 5,781 |
| 5. Others | 2,800 | 2,869 |
| Gross Turnover | 93,880 | 79,267 |
| Less: Inter Segment | 18,980 | 14,698 |
|
| 74,900 | 64,569 |
| Less: Excise Duty | 4,850 | 4,317 |
| Net Turnover | 70,050 | 60,252 |
|
|
|
|
| EBIT Margins |
|
|
| 1. Petrochem (11.70%) | 2,910 | 2,713 |
| 2. Refinery (10.25%) | 5,990 | 6,394 |
| 3. Oil & Gas | (-)110 | 14 |
| 4. Organised Retail (2.38%) | 145 | 131 |
| 4. Others | 290 | 320 |
| PBIT | 9,225 | 9,572 |
| Less: Interest Expenses | (-) 855 | 0 |
| Add: Interest Income | 830 | 802 |
| Less: Other Unallocated Income | 45 | 49 |
| PBT | 9,245 | 9,610 |
| Less: Provision for Tax @ 23% | (-) 2,125 | 0 |
| Less: Deferred Tax | (-) 45 | 0 |
| Profit After Tax | 7,075 | 7,442 |
| EPS | 2221.85. | 22.95 |
*Figures in brackets indicates % margin for Q1FY17.
Notes:
1. GRM for Q1 is seen at $ 9.80 per barrel, against $10.80 per barrel of Q4 FY16, including expected inventory gain of around $1 barrel in Q1.
2. Singapore benchmark was seen at $ 5.20 for Q1, which was at $ 7.70 in Q4FY16.
3. EPS is calculated on the equity base of Rs. 3,240 crore, and not on reduced equity, as being shown by the company in its consolidated results.
4. Company paid Advance Tax of Rs. 1,300 crores on 15.06.16.