Reliance Industries Limited(RIL) announced its Q2’13 results on October 15, 2012.
RIL reported a net sales of INR90335cr which expanded by ~15% on YoY basis while its PAT stood at INR5376 cr which is up by staggering ~20% on QoQ basis. RIL’s GRM came at $9.50/bbl vs $7.60/bbl QoQ. Shale gas business contributed to $198mn to EBITDA. Petchem revenue came at 7.88% vs 8% QoQ. Management opines that their H1 performances been satisfactory despite weak global economic condition.
A snapshot of the RIL’s quarterly as well as half yearly performance on standalone basis are as follows:
RELIANCE INDUSTRIES LIMITED
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STANDALONE
|
STANDALONE
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Description
|
Q2'13
|
Q1'13
|
Q2'12
|
QoQ(%)
|
YoY(%)
|
H1FY'13
|
H1FY'12
|
Var(%)
|
Total Income
|
90335
|
91875
|
78,569.00
|
-1.68%
|
14.98%
|
182210
|
159587
|
14%
|
Total Expenditure
|
82630
|
85128
|
68,725.00
|
167758
|
139817
| |||
PBIDT(ExclOI)
|
7705
|
6747
|
9,844.00
|
14.20%
|
-21.73%
|
14452
|
19770
|
-27%
|
EBITDA margins
|
8.53%
|
7.34%
|
12.53%
|
119bps
|
(400)bps
|
7.93%
|
12.39%
|
446bps
|
Other Income
|
2112
|
1904
|
1,102.00
|
4016
|
2180
| |||
Operating Profit
|
9817
|
8651
|
10,946.00
|
18468
|
21950
| |||
Interest
|
737
|
784
|
660
|
1521
|
1205
| |||
Exceptional Items
|
-
|
-
|
-
| |||||
PBDT
|
9080
|
7867
|
10,286.00
|
16947
|
20745
| |||
Depreciation
|
2277
|
2434
|
2,969.00
|
4711
|
6164
| |||
PBT
|
6803
|
5433
|
7,317.00
|
12236
|
14581
| |||
Tax
|
1427
|
960
|
1,614.00
|
2387
|
3217
| |||
Profit After Tax
|
5376
|
4473
|
5,703.00
|
20.19%
|
-5.73%
|
9849
|
11364
|
-13.33
|
PAT margins
|
5.95%
|
4.87%
|
7.26%
|
108bps
|
(131)bps
|
5.41%
|
7.12%
|
(171)bps
|
Equity Capital
|
3236
|
3242
|
3,274.00
|
3236
|
3,274.00
| |||
Face Value(InRs)
|
10
|
10
|
10.00
|
10
|
10
| |||
EPS
|
16.6
|
13.79
|
17.40
|
20.38%
|
4.82%
|
30.3
|
34.7
|
-12.68%
|
Figures in INR Crore.EPS represents Diluted EPS
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*Buyback worth INR2796cr so far made by Reliance Industries Ltd.
Regards,
Team Microsec Research
