RIL Q1 FY18 Consolidated Estimates
By SP Tulsian
Reliance Industries Ltd. (RIL) will declare its Q1 FY18 results (quarter ended 30th June, 2017), on Thursday 20th June, 2017. Our estimates on Consolidated basis are as under:
(Rs./Crore)
| Particulars | Q1 ending 30-06-17 | Q4 ending 31-03-17 |
| Segment Revenue |
|
|
| Petrochem | 25,760 | 26,478 |
| Refinery | 67,830 | 72,045 |
| Oil & Gas | 1,270 | 1,309 |
| Organised Retail | 10,780 | 10,332 |
| Others | 3,385 | 3,496 |
| Gross Turnover | 1,09,025 | 1,13,660 |
| Less: Inter Segment | 19,845 | 20,771 |
|
| 89,180 | 92,889 |
| Less: Excise Duty | 7,830 | 8,066 |
| Net Turnover | 81,350 | 84,823 |
|
|
|
|
| EBIT Margins |
|
|
| 1. Petrochem (14%) | 3,605 | 3,441 |
| 2. Refinery (9.1%) | 6,170 | 6,294 |
| 3. Oil & Gas | (-) 390 | (-) 486 |
| 4. Organised Retail | 270 | 243 |
| 4. Others | 190 | 175 |
| PBIT | 9,845 | 9,667 |
| Less: Interest Expenses | (-) 585 | (-) 556 |
| Add: Interest Income | 390 | 403 |
| Add: Other Unallocated Income | 675 | 740 |
| PBT | 10,325 | 10,254 |
| Less: Provision for Tax @ 23% | (-) 2,375 | (-) 1,795 |
| Less: Deferred Tax | (-) 165 | (-) 406 |
| Profit After Tax | 7,785 | 8,053 |
| EPS | 26.30 | 27.27 |
*Figures in bracket indicates % margin for Q1FY18.
Notes:
- GRM for Q4 is seen at $ 11.10 per barrel, against $11.50 per barrel of Q4 FY17, after adjusting for net inventory loss of $0.40, as Crude has corrected by about 7% or about $4 per barrel in Q1, to at an average of $55/ Barrel.
- Singapore benchmark is seen at $ 6.4 for Q1, which was at $ 6.4 in Q4FY17.
- EPS is calculated on the equity base of Rs. 2,960 crores, on Net off basis, in Consolidated Results.
- Reliance Jio will not have any effect in Q1FY18 financials, as no revenue and expense recognition are likely to be seen seen.
- Crude Refined volume is estimated at 17.70 MMT and Petchem volume at 6.33 MMT.
19th Jul 2017 at 07:00 pm
19th Jul 2017 at 01:54 pm