Reliance Industries Limited
Reliance Industries Limited (RIL) Financial performance for the quarter / year ended 31st March, 2014
April 18, 2014 at 6:42am
RECORD REVENUE OF ` 401,302 CRORE ($ 67.0 BILLION), UP 8.1%
RECORD NET PROFIT OF ` 21,984 CRORE ($ 3.7 BILLION), UP 4.7%
RECORD PBDIT OF ` 39,813 CRORE ($ 6.6 BILLION), UP 2.7% HIGHEST EVER ANNUAL AND QUARTERLY EBIT FOR REFINING BUSINESS
RECORD CONSOLIDATED NET PROFIT OF ` 22,493 CRORE ($ 3.8 BILLION), UP 7.7% Reliance Industries Limited (RIL) today reported its financial performance for the quarter / year ended 31st March, 2014. Highlights of the audited financial results as compared to the previous year are:
HIGHLIGHTS OF YEAR PERFORMANCE Revenue (turnover) increased by 8.1% to ` 401,302 crore ($ 67.0 billion) Exports increased by 15.3% to ` 275,825 crore ($ 46.0 billion) PBDIT increased by 2.7% to ` 39,813 crore ($ 6.6 billion) Profit Before Tax increased by 5.8% to ` 27,818 crore ($ 4.6 billion) Cash Profit increased by 1.0% to ` 30,795 crore ($ 5.1 billion) Net Profit increased by 4.7% to ` 21,984 crore ($ 3.7 billion) Gross Refining Margin of $ 8.1/bbl for the year and $ 9.3/bbl for the quarter Dividend of 95%, payout of ` 3,268 crore ($ 545 million)
HIGHLIGHTS OF YEAR PERFORMANCE (RIL CONSOLIDATED) Revenue (turnover) increased by 9.3% to ` 446,339 crore ($ 74.5 billion)
PBDIT increased by 7.1% to at ` 43,800 crore ($ 7.3 billion)
Profit Before Tax increased by 9.7% to ` 28,763 crore ($ 4.8 billion)
Cash Profit increased by 5.8% to ` 33,980 crore ($ 5.7 billion)
Net Profit increased by 7.7% to ` 22,493 crore ($ 3.8 billion) CORPORATE HIGHLIGHTS
RIL and its partners announced two significant hydrocarbon discoveries during the year. In May 2013, RIL, BP and NIKO announced a significant gas and condensate discovery in the KG-D6 block off the eastern coast of India. The discovery, named ‘D55’, is expected to add to the hydrocarbon resources in the KG-D6 block. In August 2013, RIL and BP announced a new gas
April 18, 2014 at 6:42am
RECORD REVENUE OF ` 401,302 CRORE ($ 67.0 BILLION), UP 8.1%
RECORD NET PROFIT OF ` 21,984 CRORE ($ 3.7 BILLION), UP 4.7%
RECORD PBDIT OF ` 39,813 CRORE ($ 6.6 BILLION), UP 2.7% HIGHEST EVER ANNUAL AND QUARTERLY EBIT FOR REFINING BUSINESS
RECORD CONSOLIDATED NET PROFIT OF ` 22,493 CRORE ($ 3.8 BILLION), UP 7.7% Reliance Industries Limited (RIL) today reported its financial performance for the quarter / year ended 31st March, 2014. Highlights of the audited financial results as compared to the previous year are:
HIGHLIGHTS OF YEAR PERFORMANCE Revenue (turnover) increased by 8.1% to ` 401,302 crore ($ 67.0 billion) Exports increased by 15.3% to ` 275,825 crore ($ 46.0 billion) PBDIT increased by 2.7% to ` 39,813 crore ($ 6.6 billion) Profit Before Tax increased by 5.8% to ` 27,818 crore ($ 4.6 billion) Cash Profit increased by 1.0% to ` 30,795 crore ($ 5.1 billion) Net Profit increased by 4.7% to ` 21,984 crore ($ 3.7 billion) Gross Refining Margin of $ 8.1/bbl for the year and $ 9.3/bbl for the quarter Dividend of 95%, payout of ` 3,268 crore ($ 545 million)
HIGHLIGHTS OF YEAR PERFORMANCE (RIL CONSOLIDATED) Revenue (turnover) increased by 9.3% to ` 446,339 crore ($ 74.5 billion)
PBDIT increased by 7.1% to at ` 43,800 crore ($ 7.3 billion)
Profit Before Tax increased by 9.7% to ` 28,763 crore ($ 4.8 billion)
Cash Profit increased by 5.8% to ` 33,980 crore ($ 5.7 billion)
Net Profit increased by 7.7% to ` 22,493 crore ($ 3.8 billion) CORPORATE HIGHLIGHTS
RIL and its partners announced two significant hydrocarbon discoveries during the year. In May 2013, RIL, BP and NIKO announced a significant gas and condensate discovery in the KG-D6 block off the eastern coast of India. The discovery, named ‘D55’, is expected to add to the hydrocarbon resources in the KG-D6 block. In August 2013, RIL and BP announced a new gas