RIL Q3 FY13 ESTIMATES
By S.P.Tulsian
Reliance Industries Ltd. (RIL) will declare its Q3FY12 (quarter ended 31st December 2012) results on 18th January, 2013. Our estimates are as under:
(Amount in Rs./ Crore)
| Particulars | Q3 ending 31-12-12 (estimate) | Q2 ending 30-09-12 (actual) |
| Segment Revenue |
|
|
| 1) Petrochem | 21,590 | 22,058 |
| 2) Refinery | 82,240 | 83,878 |
| 3) Oil & Gas | 2,180 | 2,254 |
| 4) Others | 170 | 168 |
| Gross Turnover | 106,180 | 108,358 |
| Less: Inter Segment | 14,940 | 15,093 |
|
| 91,240 | 93,265 |
| Less: Excise Duty | 2,900 | 2,930 |
| Net Turnover | 88,340 | 90,335 |
|
|
|
|
| EBIT Margins |
|
|
| 1) Petrochem (7.45%)* | 1,610 | 1,740 |
| 2) Refinery (4.50%)* | 3,700 | 3,544 |
| 3) Oil & Gas (37.20%)* | 810 | 866 |
| 4) Others | 10 | 8 |
| PBIT | 6,130 | 6,158 |
| Less: Interest Expenses | (770) | (737) |
| Less: Other Unallocated Income | 10 | 12 |
| Add: Interest Income | 1430 | 1,370 |
| PBT | 6,800 | 6,803 |
| Less: Provision for Tax @ 20% | (1,360) | (1,361) |
| Less: Provision for Def. Tax | (35) | (66) |
| Profit After Tax | 5,405 | 5,376 |
| EPS | 16.75 | 16.60 |
*Figures in brackets indicates % margin for Q3FY13.
Notes:
- GRM for December 2012 quarter is estimated at $ 10.10 per barrel. ($ 9.50 in Q2 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 |
| On 15-12-12 | 1,100 |
| Total | 3,398 |
- Q3 production are estimated as under:-
- Crude - Refined 17.5 MMT
- Petrochemical - Production 5.4 MT
- KG D6 - 0.73 million barrel of crude and 88 BCF of natural gas.
- EPS for FY13 is likely to be around Rs. 64.