RIL Q3 FY18 Consolidated Estimates
Reliance Industries Ltd. (RIL) will declare its Q3 FY18 results (quarter ended 31st December, 2017), on Friday, 19th January, 2018. Our estimates, on Consolidated basis, are as under:
(Rs./Crore)
| Particulars | Q3 ending 31-12-17 Estimated | Q2 ending 30-9-17 Actuals |
| Segment Revenue |
|
|
| 32,980 | 27,999 |
| 82,320 | 69,766 |
| 1,790 | 1,503 |
| 17,280 | 14,646 |
| 12,650 | 7,213 |
| 2,850 | 2,459 |
| Gross Turnover | 1,49,870 | 1,23,586 |
| Less: Inter Segment | 26,670 | 22,417 |
|
| 1,23,200 | 1,01,169 |
| Less: GST Recovered | 8,670 | 6,084 |
| Net Turnover | 1,14,530 | 95,085 |
|
|
|
|
| EBIT Margins |
|
|
| 1. Petrochem (15.55%) | 5,130 | 4,960 |
| 2. Refinery (7.86%) | 6,470 | 6,621 |
| 3. Oil & Gas | (-) 170 | (-) 272 |
| 4. Organised Retail | 390 | 334 |
| 5. Digital Services | 740 | 261 |
| 6. Others | 130 | 142 |
| EBIT | 12,690 | 12,046 |
| Less: Interest Expenses | (-) 2,560 | (-) 2,272 |
| Add: Interest Income | 635 | 729 |
| Add: Other Unallocated Income | 610 | 834 |
| PBT | 11,375 | 11,337 |
| Less: Provision for Tax @ 20% | (-) 2,475 | (-) 2,453 |
| Less: Deferred Tax | (-) 630 | (-) 787 |
| Profit After Tax | 8,270 | 8,097 |
| EPS | 14.00 | 13.67 |
*Figures in bracket indicates % margin for Q3FY18.
Notes:
- GRM for Q3 is seen at $ 11.90 per barrel, against $12 per barrel of Q2 FY18, after adjusting for net inventory gain of $0.30, as Crude has risen by about 19% or about $9.50 per barrel in Q3, to an average of $61/ Barrel.
- Singapore benchmark is seen at $ 7.3 for Q3, which was at $ 8.3 in Q2FY18.
- EPS is calculated on the equity base of Rs. 5,920 crores, on net off basis, post 1:1 Bonus, in Consolidated Results.
- Reliance Jio Q3FY18 financials, viz. revenue and expense recognition are considered on approx. basis, with no credible data seen available with us.
- Crude Refined volume is estimated at 17.90 MMT and Petchem volume at 7.6 MMT.