Reliance Industries Limited

Topics: BSE Sensex, Reliance Industries, Petroleum Pages: 24 (5857 words) Published: December 6, 2014
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 condensate discovery off the east coast of India in the Cauvery basin. The discovery, in the deepwater block CY-DWN-2001/2 (CY-D5), is situated 62 kilometers from the coast in the Cauvery basin and is the second gas discovery in the block. In July 2013, RIL signed a Memorandum of Understanding with the Oil and Natural Gas Corporation (ONGC) to explore the possibility of sharing RIL’s infrastructural facility in the East Coast. In line with global practice of sharing infrastructure, the MoU aims at working out the modalities for sharing of infrastructure, identifying additional requirements as well as firming up the commercial terms. In March 2014, The Ministry of Energy (MOE) of the Republic of the Union of Myanmar selected RIL for two offshore exploration blocks (M17 and M18) in Myanmar Offshore Block Bidding Round – 2013. Both the blocks are located offshore in the Moattama basin of Myanmar in water depths up to 3000 ft and together encompass an area of 27,600 sq. kms. Reliance Jio Infocomm Ltd (“RJIL”), a subsidiary of RIL, successfully acquired the right to use spectrum in 14 key circles across India in the 1800 MHz band in the spectrum auction conducted by DoT, Government of India in February 2014. RJIL plans to use this spectrum, ranging from 2x5 MHz to 2x7 MHz in each of these 14 circles, in conjunction with its pan India 2300 MHz spectrum to address the expected surge in demand for digital services as well as to enhance in-building coverage. RJIL plans to provide seamless 4G services using FDD-LTE on 1800 MHz and TDD-LTE on 2300 MHz through an integrated ecosystem. RJIL received Unified License for all 22 Service Areas across India in October 2013, and became the first telecom operator in the country to get pan India Unified License. The Unified License would allow RJIL to offer all telecom services including voice telephony under a single license. With grant of Unified License, RJIL has migrated its existing ISP license along with...
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