RIL Q2 FY15 ESTIMATES
By S.P. Tulsian
Reliance Industries Ltd. (RIL) will declare its Q2 FY15 (quarter ended 30th September, 2014) results on Monday 13th October, 2014. Our estimates on standalone basis are as under:
(Rs./Crore)
| Particulars | Q2 ending 30-09-14 | Q1 ending 30-06-14 |
| Segment Revenue |
|
|
| 22,640 | 23,715 |
| 86,430 | 90,998 |
| 1,490 | 1,557 |
| 210 | 193 |
| Gross Turnover | 1,10,770 | 1,16,463 |
| Less: Inter Segment | 16,140 | 17,079 |
|
| 94,630 | 99,384 |
| Less: Excise Duty | 2,860 | 3,033 |
| Net Turnover | 91,770 | 96,351 |
|
|
|
|
| EBIT Margins |
|
|
| 1. Petrochem (9.10%) | 2,060 | 1,885 |
| 2. Refinery (3.97%) | 3,430 | 3,773 |
| 3. Oil & Gas (30.50%) | 455 | 487 |
| 4. Others | 95 | 52 |
| PBIT | 6,040 | 6,197 |
| Less: Interest Expenses | -730 | -324 |
| Add: Interest Income | 1,490 | 1,357 |
| Less: Other Unallocated Income | -10 | -2 |
| PBT | 6,790 | 7,228 |
| Less: Provision for Tax @20.90% | -1,415 | -1,507 |
| Less: Deferred Tax | -50 | -72 |
| Profit After Tax | 5,325 | 5,649 |
| EPS | '16.47 | '17.50 |
*Figures in brackets indicates % margin for Q2FY15.
Notes:
- GRM for September, 2014 quarter is estimated at $ 7.90 per barrel against $ 8.70 in Q1FY15.
- Singapore GRM in Q2 FY15 was at $ 4.70, while it was at $ 5.80 in Q1 of FY15.
- Organized Retail to have revenue of Rs. 4,450 crore, with EBIT of Rs. 135 crore for Q2. This is not included above.
- Consolidated PAT for Q2 is likely to be at Rs.5,630 crore.
- EPS for FY15 is likely to be at Rs.69.