RIL Q3 FY14 ESTIMATES
By SP Tulsian
Reliance Industries Ltd. (RIL) will declare its Q3 FY14 (quarter ended 31st December, 2013) results on 17th January, 2014. Our estimates are as under:
( Rs./Crore)
| Particulars | Q3 ending 31-12-13 | Q2 ending 30-09-13 |
| Segment Revenue |
|
|
| 24,790 | 24,892 |
| 96,900 | 97,456 |
| 1,445 | 1,464 |
| 340 | 330 |
| Gross Turnover | 123,475 | 124,142 |
| Less: Inter Segment | 17,175 | 17,619 |
|
| 106,300 | 106,523 |
| Less: Excise Duty | 2,800 | 2,765 |
| Net Turnover | 103,500 | 103,758 |
|
|
|
|
| EBIT Margins |
|
|
| 1. Petrochem (9.72%) | 2,410 | 2,504 |
| 2. Refinery (3.17%) | 3,070 | 3,174 |
| 3. Oil & Gas (23.88%) | 345 | 356 |
| 4. Others | 45 | 42 |
| PBIT | 5,870 | 6,076 |
| Less: Interest Expenses | -820 | -805 |
| Add: Interest Income | 1,590 | 1,551 |
| Less: Other Unallocated Income | 10 | 49 |
| PBT | 6,650 | 6,871 |
| Less: Provision for Tax @20.90% | -1,390 | -1,436 |
| Less: Deferred Tax | 40 | 55 |
| Profit After Tax | 5,300 | 5,490 |
| EPS | '16.40 | '17 |
*Figures in brackets indicates % margin for Q3FY14.
Notes:
- GRM for December 2013 quarter is estimated at $ 7.60 per barrel. ($ 7.70 in Q2FY14).
- Advance Tax paid by the company-
| Installment date | Rs. crore |
| On 15-06-13 | 779 |
| On 15-09-13 | 1,670 |
| On 15-12-13 | 1,571 |
| Total | 4,020 |
- EPS for FY14 is likely to be around Rs.67.
- Singapore GRM in FY 14 Q3 was at $ 4.40 while it was at $ 5.50 in Q2.