Monday, October 15, 2012

Reliance Industries (RIL) Q2 FY 2012 - 2013 Result and Valuation Analysis

Mukesh Ambani's flagship company Relaince Industries reported a 6% fall in net profit at Rs 5,376 crores YoY but a rise of 20% QoQ inline with street expectations. The company reported a net profit of Rs 5,703 crore in the same period a year ago. 

However, total income in the second quarter of current financial year 2012 - 2013 increased 16% to Rs 92,447 crore as against Rs 79,671 crore a year ago. The GRM for the quarter stood at $9.5 per barrel also in line with expectations. 

For the full year RIL is expected to do a PAT of around 21,000 crores which values the company, at the current market price of Rs.825, at a PE multiple of around 12.7 times which seems reasonable and neither cheep nor expensive due the recent run up in stock price from 700 levels to 840 levels and issues related to KG D6.

For full details check out the following link: RIL Q2 2012 - 2013 result

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