Ril Q3 Results Exceed

Business The third quarterly results have been posted by Reliance Industries Limited (RIL) for the quarter ended December 31, 2009. The results have reported a net profit of Rs.4,008 crore, which is a straight 14.48% increase from the same quarter in the previous year, wherein the net profit posted was Rs.3,501 crore. The net sales for RIL reported an increase of 80.13% from last years quarterly result of Rs.31,563 crore to Rs.56,856 crore in the current quarter. The Q3 results of RIL surpassed the expectations of market analysts, as some had speculated a net profit of Rs.3,954.60 crore along with net sales at Rs.48,785 crore. RIL exceeded its net profit speculations by an approximate of 1.3 percent, while the net sales speculations were exceeded by an approximate of 16.5 percent. The profit before interest and tax for the largest private conglomerate of India was declared to be Rs.8,351 crore. Mr. Mukesh Ambani, CMD Reliance Industries Limited, stated that the results and figures for RIL had been reworked to incorporate the figures of the recently absorbed Reliance Petroleum. According to the results posted by RIL, the turnover has shown an increase of 17.2% and now stands at Rs.140,133 crore or US$ 30.1 billion. The exports by RIL also witnessed an increase of 6.2% and were posted as Rs.78,182 crore or US$ 16.8 billion. Taking into account the performance from April 2009 to December 2009, RIL witnessed an increase of 22.5% in its profit before interest and tax, and was successful in reaching a level of US$ 5.0 billion or Rs.23,290 crore. The PBDIT margin of RIL also increased from 15.9 percent to 16.6 percent. Some of the key elements for this increase in profits have been the amalgamation of RIL and Reliance Petroleum, the .mencement of gas production from the KG D6 block and the beginning of operations at the SEZ unit. The SEZ Refinery by Reliance Industries was successful in reporting a throughput at 115% of its capacity, for the quarter ending December 31, 2009. The Q3 results were inclusive of the operations from the SEZ unit. The profit before tax for the period April 1, 2009 to December 31, 2009 reported an increase of 4.7% and stood at Rs.14,713 crore. The profit before tax for the third quarter of the financial year 2010 stood at Rs.5,007 crore. The cash profit for the last nine months of 2009 showed an increase of 16.1% and stood at Rs.19,528 crore. The earnings per share for the third quarter of 2009 stood at Rs12.3, which was 4.23% higher than the previous quarters EPS of Rs.11.8. The gross refining margin stood at US$ 5.9/bbl for the last quarter of 2009. RIL concluded its announcement of the Q3 results by stating that it expected better margins in 2010, as it witnessed a stronger local demand growth for petrochemicals. RIL also announced that the first 3 weeks of 2010 began well for the petrochemical giant. RIL still has around 30 crore treasury shares of the stock whose beneficiary is RILs wholly owned subsidiary, Reliance Industrial Investments and Holdings. About the Author: 相关的主题文章: