RIL Q2 FY17 Estimates
By S.P. Tulsian
Reliance Industries Ltd. (RIL) will declare its Q2 FY17 (quarter ended 30th September, 2016) results on 20th October, 2016.
Our estimates on Consolidated basis are as under:
(Rs./Crore)
| Particulars | Q2 ending 30-09-16 | Q1 ending 30-06-16 |
| Segment Revenue |
|
|
| 1. Petrochem | 22,370 | 20,718 |
| 2. Refinery | 60,920 | 56,568 |
| 3. Oil & Gas | 1,670 | 1,340 |
| 4. Organised Retail | 6,980 | 6,666 |
| 5. Others | 2,380 | 2,419 |
| Gross Turnover | 94,320 | 87,711 |
| Less: Inter Segment | 17,690 | 16,260 |
|
| 76,630 | 71,451 |
| Less: Excise Duty | 6,910 | 6,461 |
| Net Turnover | 69,720 | 64,990 |
|
|
|
|
| EBIT Margins* |
|
|
| 1. Petrochem (13.80%) | 3,090 | 2,806 |
| 2. Refinery (10.20%) | 6,210 | 6,593 |
| 3. Oil & Gas | -110 | -312 |
| 4. Organised Retail (2.36%) | 165 | 148 |
| 4. Others | 120 | 127 |
| PBIT | 9,475 | 9,362 |
| Less: Interest Expenses | -1,230 | -1,206 |
| Add: Interest Income | 945 | 927 |
| Add: Other Unallocated Income | 290 | 575 |
| PBT | 9,480 | 9,658 |
| Less: Provision for Tax @ 24% | -2,275 | -2,306 |
| Less: Deferred Tax | -250 | -275 |
| Profit After Tax | 6,955 | 7,077 |
| EPS | 23.6 | 24 |
*Figures in brackets indicates % margin for Q2FY17.
Notes:
1. GRM for Q2 is seen at $ 10.60 per barrel, against $11.50 per barrel in Q1 FY17, including expected inventory gain of around $1.60 barrel in Q2.
2. Singapore benchmark was seen at $ 5 for Q2, which was at $ 5.20 in Q1FY17.
3. EPS is calculated on the equity base of Rs. 2,950 crore, as shown on Net off basis in its Consolidated results.
4. Company paid Advance Tax of:
Rs. 1,300 crore on 15.06.2016.
Rs. 2,667 crore on 15.09.2016.
5. Company will be completing its PX capacity expansion of 2 MMTPA soon. Pet Coke Gasification Project is also on schedule.