Ril Announces Audited Results For Yr Ended Mar04

[Chirag 5]

RIL announces audited results for year ended Mar 31 2004

For complete detailed results Click Here

HIGHLIGHTS

FIRST PRIVATE SECTOR COMPANY IN INDIA TO RECORD A NET PROFIT OF US DOLLAR OVER 1 BILLION

CONSOLIDATED NET PROFIT OF RS 5,169 CRORES (US$ 1,182 MILLION) FOR THE YEAR, AN INCREASE OF 29%

NET PROFIT OF RS 5,299 CRORES (US$ 1,212 MILLION) BEFORE EXTRAORDINARY ITEMS FOR THE YEAR, AN INCREASE OF 29%

NET PROFIT OF RS 5,160 CRORES (US$ 1,180 MILLION) FOR THE YEAR, AN INCREASE OF 26%

EARNING PER SHARE (EPS) OF RS 36.8 (US$ 0.84) ANDCASH EPS OF RS 65.7 (US$ 1.50)

CASH PROFIT OF RS 9,197 CRORES (US$ 2,104 MILLION) FOR THE YEAR, AN INCREASE OF 22%

NET PROFIT OF RS 1,419 CRORES (US$ 325 MILLION) FOR THE QUARTER, AN INCREASE OF 29%

GROSS TURNOVER OF RS 74,418 CRORES (US$ 17,022 MILLION) FOR THE YEAR, AN INCREASE OF 14%

EXPORTS OF RS 14,969 CRORES (US$ 3,424 MILLION), AN INCREASE OF 30%

DIVIDEND OF 52.50%, PAYOUT OF RS 825 CRORES (US$ 189 MILLION)

PRODUCTION OF OIL & GAS AND PETROCHEMICALS OF 12.4 MILLION TONNES, AN INCREASE OF 4%

REFINERY OPERATED AT 109%, PROCESSED 29.6 MILLION TONNES

TOTAL ASSETS AT RS 71,157 CRORES (US$ 16,277 MILLION)

Mumbai, 29th April 2004 - Reliance Industries Ltd. has announced its audited results for the year ended March 31, 2004. Gross Turnover (Turnover and Interdivisional Transfers) of Rs. 74,418 crores (US $ 17,022 million). Net Profit of Rs. 5,160 crores (US $ 1,180 million) - the highest in the private sector.

The performance highlights of Reliance Industries Limited for the year ended 31st March 2004 are:

Gross Turnover of Rs. 74,418 crores (US$ 17,022 million) against Rs. 65,061 crores for the previous year, an increase of 14%

Turnover of Rs 56,247 crores (US$ 12,866 million) against Rs 50,096 crores for the previous year, an increase of 12%

Operating Profit (PBDIT) increased to Rs 11,122 crores (US$ 2,544 million) as against Rs 9,366 crores for the previous year, an increase of 19%.

Cash Profit (before depreciation and deferred tax) of Rs. 9,197 crores (US$ 2,104 million) against Rs. 7,565 crores for the previous year, an increase of 22%.

Net Profit before Extraordinary Items of Rs 5,299 Crores (US$ 1,212 Million) against Rs 4,104 crores for the previous year, an Increase of 29%

Net Profit of Rs. 5,160 crores (US$ 1,180 million) against Rs. 4,104 crores for the previous year, an increase of 26%.

Total Assets stood at Rs 71,157 crores (US$ 16,277 million) as against Rs 63,736 crores, an increase of 12%

Net worth stood at Rs 34,452 crores (US $ 7,881 million) as against Rs 30,326 crores , an increase of 14%

The total paid up equity share capital stood at Rs. 1,396 crores (US $ 319 million).

Earnings Per Share (EPS) for the year is Rs. 36.8 (US $ 0.84) & Cash Earnings Per Share (CEPS) for the year is Rs. 65.7 (US $ 1.50).

Dividend increased to 52.50%, payout of Rs 825 crores (US$ 189 million)

The company's contribution to the national exchequer in the form of various taxes was Rs. 12,903 crores (US $ 2,951 million).

The Company's production of oil & gas and petrochemicals, including toll conversion, increased to 12.4 million tonnes during the year against 11.8 million tonnes for the previous year, representing a growth of 4%.

The Company's refinery operated at 109% capacity utilisation and processed 29.6 million tonnes of crude during the year.

Exports including deemed exports were Rs 14,969 crores (US$ 3,424 million) as against Rs 11,510 crores for the previous year, an increase of 30%.

The Company's operations have helped the nation save precious foreign exchange to the tune of Rs. 26,134 crores (US $ 5,978 million).

The consolidated Net profit of the Company after consolidating the subsidiary and associate companies is Rs 5,169 crores (US$ 1,182 million).

[Tushar 0]

Operating Profit (PBDIT) increased to Rs 11,122 crores (US$ 2,544 million) as against Rs 9,366 crores for the previous year, an increase of 19%.

Cash Profit (before depreciation and deferred tax) of Rs. 9,197 crores (US$ 2,104 million) against Rs. 7,565 crores for the previous year, an increase of 22%.

Net Profit before Extraordinary Items of Rs 5,299 Crores (US$ 1,212 Million) against Rs 4,104 crores for the previous year, an Increase of 29%

Net Profit of Rs. 5,160 crores (US$ 1,180 million) against Rs. 4,104 crores for the previous year, an increase of 26%.

No wonder dude has a MAYBACH man I love that car !!!!!!!!

[Greens 21]

but Reliance infocomm had made some loss.

[city02 63]

When Infosys & Wipro celebrated becoming billion dollar companies, RIL has crossed the mark in Net Profits - quite amazing!

Must buy stock ...

BTW, the Net Profit number is inclusive of the 150-250 crore loss of Infocomm.

else it would have been higher ...

Assuming an annual salary of 10 crore, the Maybach is ONLY half the CMD's pay.

Its about as affordable for him as a Maruti 800 is for someone making 5 L/year or 42 K/month ...