RIL Q2FY20 ESTIMATES
Reliance Industries Ltd. (RIL) will declare its Q2 FY20 results (quarter ended 30th September, 2019), on Friday, 18th October, 2019. Our estimates, on consolidated basis are as under:
(Rs./Crore)
| Sr. No. | Particulars | Q2FY20E (Estimates for Qtr ending 30-9-19) | Q1FY20A (Actuals for Qtr ending 30-6-19) |
| 1) | Segment Revenue |
|
|
|
|
| 40,630 | 37,611 |
|
|
| 93,590 | 1,01,721 |
|
|
| 830 | 923 |
|
|
| 39,340 | 38,196 |
|
|
| 15,510 | 14,910 |
|
|
| 9,920 | 10,787 |
|
| Gross Turnover | 1,99,820 | 2,04,148 |
|
| Less: Inter Segment | (-) 32,110 | (-) 31,192 |
|
|
| 1,67,710 | 1,72,956 |
|
| Less: GST Recovered | (-) 12,330 | (-) 11,607 |
|
| Net Turnover | 1,55,380 | 1,61,349 |
| 2) | Segment EBITDA |
|
|
|
|
| 9,310 | 8,810 |
|
|
| 7,390 | 5,152 |
|
|
| 175 | 207 |
|
|
| 2,110 | 2,049 |
|
|
| 5,130 | 4,908 |
|
|
| 870 | 887 |
|
| EBITDA | 24,985 | 22,013 |
| 3) | Segment EBIT |
|
|
|
|
| 7,960 | 7,508 |
|
|
| 6,680 | 4,508 |
|
|
| (-) 290 | (-) 249 |
|
|
| 1,840 | 1,777 |
|
|
| 3,220 | 3,080 |
|
|
| 460 | 483 |
|
| EBIT | 19,870 | 17,107 |
|
| Less: Interest Expenses | (-) 5,330 | (-) 5,109 |
|
| Add: Interest Income | 1,360 | 2,497 |
|
| Add: Other Unallocated Income | 90 | (-) 129 |
| 4) | PBT | 15,990 | 14,366 |
|
| Less: Provision for Tax @ 21.5% | (-) 3,440 | (-) 3,193 |
|
| Less: Deferred Tax | (-) 980 | (-) 1,032 |
| 5) | Profit After Tax | 11,570 | 10,141 |
|
| EPS | 2215119.50. | 17.05 |
Key Assumptions:
-
- GRM for Q2 is seen at $10.80 per barrel, against $8.10 per barrel of Q1FY20, after adjusting for inventory loss.
- Singapore benchmark is seen at $6.55 for Q2FY20, which was at $3.5 in Q1FY20.
- Brent Crude average ruled at $ 62 in Q2 against $68.5 QoQ.
- Crude Refined volume is estimated at 17.6 MMT and Petchem volume is estimated at 9.6 MMT.
- Jio subscribers estimated at 354 million. Retail area estimated at 23.5 million sq. ft.
- Assumed that company will continue under the existing tax structure and not avail the new all-inclusive corporate tax rate of 25.17%.
- US Dollar considered at Rs.70.30 against Rs.69.60 QoQ.