RIL Q4FY16 ESTIMATES
RIL Q4 FY16 ESTIMATES
By SP Tulsian
Reliance Industries Ltd. (RIL) will declare its Q4 FY16 (quarter ended 31st March, 2016) results on 22th April, 2016.
Our estimates on consolidated basis are as under:
( Rs./Crore)
| Particulars | Q4 ending 31-03-16 | Q3 ending 31-12-15 |
| Segment Revenue |
|
|
| 18,080 | 19,398 |
| 51,950 | 57,385 |
| 1,610 | 1,765 |
| 5,980 | 6,042 |
| 3,090 | 3127 |
| Gross Turnover | 80,710 | 87,717 |
| Less: Inter Segment | 13,910 | 14,376 |
|
| 66,800 | 73,341 |
| Less: Excise Duty | 4,950 | 5080 |
| Net Turnover | 61,850 | 68,261 |
|
|
|
|
| EBIT Margins |
|
|
| 1. Petrochem (15.15%) | 2,740 | 2,639 |
| 2. Refinery (11.67%) | 6,060 | 6,491 |
| 3. Oil & Gas (1.86%) | 30 | 90 |
| 4. Organised Retail (2.34%) | 140 | 147 |
| 4. Others | 275 | 285 |
| PBIT | 9,245 | 9,652 |
| Less: Interest Expenses | (-) 960 | (-) 921 |
| Add: Interest Income | 655 | 667 |
| Less: Other Unallocated Income | 370 | 326 |
| PBT | 9,310 | 9,724 |
| Less: Provision for Tax @ 22% | (-) 2050 | (-) 2321 |
| Less: Deferred Tax | (-) 85 | (-) 62 |
| Profit After Tax | 7,175 | 7,341 |
| EPS | 2222.15. | 22.65 |
Notes:
- GRM for Q4 is seen at $ 10.90 per barrel, as against $11.50 per barrel of Q3, due to expected inventory loss of Rs. 260 crores likely to be seen in Q4.
- Singapore benchmark was seen at $ 7.70 for Q4, which was at $ 8 in Q3FY16.
- EPS is calculated on the equity base of Rs. 3,240 crores, and not on reduced equity, as being shown by the company in its consolidated results.
- Company paid Advance Tax of Rs. 1,060 crores on 15.06.15, Rs. 1,670 crores on 15.09.15, Rs. 2,350 crores on 15.12.15 and Rs. 2,215 crores on 15.03.2016, (total Rs. 7,295 crores) for FY16. Tax liability for FY16 is estimates at Rs. 7,660 crores on standalone basis.