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India:RIL says PFY, PSF & PET production volumes rise to 19% in Q1 |
2005-7-28
India''s largest private sector company Reliance Industries Limited (RIL) announced its financial results for the first quarter ended June 30, 2005.
- Turnover of Rs 19,884 crores (US$ 4,569 million)
- Net Profit of Rs. 2,310 crores (US$ 531 million) the highest in the private sector
The performance highlights of Reliance Industries Limited for the quarter ended June 30, 2005 are:
Turnover of Rs. 19,884 crores (US$ 4,569 million) against Rs. 15,746 crores for the corresponding previous quarter, an increase of 26%
Operating Profit (PBDIT) increased to Rs. 3,760 crores (US$ 864 million) as against Rs. 3,152 crores for the corresponding previous quarter, an increase of 19%.
Cash Profit (before depreciation and deferred tax) of Rs. 3,277 crores (US$ 753 million) against Rs. 2,553 crores for the corresponding previous quarter, an increase of 28%.
Net Profit of Rs. 2,310 crores (US$ 531 million) against Rs. 1,437 crores for the corresponding previous quarter, an increase of 61%.
The total paid up equity share stood at Rs. 1,394 crores (US$ 320 million).
Earnings per Share (EPS) for the quarter are Rs. 16.6 (US$ 0.38) & Cash Earnings per Share (CEPS) for the quarter is Rs. 23.5 (US$ 0.54).
(Annualised Earnings Per Share (EPS) is Rs. 66.3 (US$ 1.52) & Annualised Cash Earnings Per Share (CEPS) is Rs. 94.0 (US$ 2.16).
The company''s contribution to the national exchequer in the form of various taxes was Rs. 3,659 crores (US$ 841 million) against Rs. 3,195 crores for the corresponding previous quarter, an increase of 15% The Company''s production of oil & gas and petrochemicals, including toll conversion, is 3.18 million tonnes during the quarter.
The Company''s refinery operated at 96% capacity utilisation and processed 7.92 million tonnes of crude during the quarter.
Exports including deemed exports were Rs. 7,144 crores (US$ 1,642 million) as against Rs. 5,102 crores for the corresponding previous quarter, an increase of 40%.
The Company''s operations have helped the nation save precious foreign exchange to the tune of Rs. 11,111 crores (US$ 2,553 million), as against Rs 8,786 crores for the corresponding previous quarter, an increase of 26%.
For the quarter ending September 30, 2005 the Company expects to announce its results in the second half of October 2005.
Management Discussion & Analysis for the quarter ended June 30, 2005.
Turnover for the quarter ended June 30, 2005 was Rs. 19,884 crores (US$ 4,569 million), up 26% from the corresponding previous quarter. Net profit for the quarter increased 61% to Rs. 2,310 crores (US$ 531 million).
Increase in sales reflects the impact of increase in product selling prices of 21% and increase in sales volume of 5% as compared to the corresponding previous quarter.
Exports, including deemed exports, were Rs. 7,144 crores (US$ 1,642 million) as against Rs. 5,102 crores during the corresponding previous quarter, an increase of 40%.
The Company''s production of oil & gas and petrochemicals, including toll conversion was 3.18 million tonnes during the quarter as against 3.19 million tonnes in the corresponding previous quarter.
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