RIL Q2FY13 ESTIMATES
By SP Tulsian
Reliance Industries Ltd. (RIL) will declare its Q2FY13 (quarter ended 30th September 2012) results on 15th October, 2012. Our estimates are as under:
(Amount in Rs./ Crore)
| Particulars | Q2 ending 30-09-12 | Quater end 30-06-12 |
| Segment Revenue |
|
|
| 1) Petrochem | 22,240 | 21,839 |
| 2) Refinery | 82,650 | 85,383 |
| 3) Oil & Gas | 2,210 | 2,508 |
| 4) Others | 250 | 248 |
| Gross Turnover | 107,350 | 109,978 |
| Less: Inter Segment | 14,850 | 15,052 |
|
| 92,500 | 94,926 |
| Less: Excise Duty | 3,000 | 3,051 |
| Net Turnover | 89,500 | 91,875 |
|
|
|
|
| EBIT Margins |
|
|
| 1) Petrochem (9.85%)* | 2,190 | 1,756 |
| 2) Refinery (3.52%)* | 2,910 | 2,151 |
| 3) Oil & Gas (35.10%)* | 775 | 972 |
| 4) Others | 0 | 1 |
| PBIT | 5,875 | 4,880 |
| Less: Interest Expenses | (835) | (784) |
| Less: Other Unallocated Income | 55 | 46 |
| Add: Interest Income | 1475 | 1,291 |
| PBT | 6,570 | 5,433 |
| Less: Provision for Tax @20% | (1,315) | (1,082) |
| Less: Provision for Def. Tax | 125 | 122 |
| Profit After Tax | 5,380 | 4,473 |
| EPS | 16.65 | 13.80 |
*Figures in brackets indicates % margin for Q2FY13
Notes:
- GRM for September 2012 quarter is estimated at $ 9.20 per barrel. ($ 7.60 in Q1 FY 13).
- Advance Tax paid by the company –
| Installment date | Amount in Rs. crore |
| On 15-06-12 | 768 |
| On 15-09-12 | 1,530 |
| Total | 2,298 |
- 15% QoQ decline in D6 Gas.
- Diesel Hydrotreater unit of DTA, had 17 days planned maintenance shutdown.
- EPS for FY13 is likely to be around Rs. 63.
- Company raised $ 1 bn. in May 12 and $ 1.5 bn. in October 12.