RIL Q1FY13 ESTIMATES
By SP Tulsian
Reliance Industries Ltd. (RIL) will declare its Q1 FY13 (quarter ended 30th June 2012) results on 20th July, 2012. Our estimates are as under:
(Amount in Rs./ Crore)
| Particulars | Q1 ending 30-06-12 | Year end 31-03-12 |
| Segment Revenue | Estimates | Actuals |
| 1) Petrochem | 22,050 | 80,625 |
| 2) Refinery | 78,080 | 294,734 |
| 3) Oil & Gas | 2,510 | 12,898 |
| 4) Others | 300 | 1,213 |
| Gross Turnover | 102,940 | 389,470 |
| Less: Inter Segment | 13,040 | 49,678 |
|
| 89,900 | 339,792 |
| Less: Excise Duty | 2,700 | 9,888 |
| Net Turnover | 87,200 | 329,904 |
|
|
|
|
| EBIT Margins |
|
|
| 1) Petrochem (10.45%)* | 2,305 | 8,967 |
| 2) Refinery (2.48%)* | 1,935 | 9,654 |
| 3) Oil & Gas (35.50%)* | 890 | 5,250 |
| 4) Others | 10 | 35 |
| PBIT | 5,140 | 23,906 |
| Less: Interest Expenses | (810) | (2,667) |
| Add: Other Unallocated Income | 45 | 97 |
| Add: Interest Income | 1,320 | 4,414 |
| PBT | 5,695 | 25,750 |
| Less: Provision for Tax @20% | (1,140) | (5,150) |
| Less: Provision for Def. Tax | (140) | (560) |
| Profit After Tax | 4,415 | 20,040 |
| EPS | 13.63 | 61.27 |
*Figures in brackets indicates margin for Q1 FY13.
Notes:
1. GRM for June 2012 quarter is estimated at $7.90 per barrel.
2. Advance Tax Paid by the Company on 15-06-12, was at Rs.768 crores.
3. As at 13-07-12, RIL bought back 3.51 crore shares for a sum of Rs.2,512 crores, with an average rate of Rs.716 per share. Buy back is for 12 crore shares, upto Rs.870 per share, for Rs.10,440 crores.
4. Value of Rupee against US$.
31-03-12 - 50.80.
April 12 - Approx. 51.50
May 12 - 54.20
June 12 - 56.00
Currency gain for the quarter is seen at 7%.
5. Brent prices during the quarter were at $110/Barrel, a fall of 8% QoQ.
6. Gas production for the quarter is estimated at 32.5 mmscmd against 36.5 mmscmd of Q4 FY12.
7. EPS for FY13 is likely to be between Rs.56 - Rs.58.