Thursday, April 23, 2009

Reliance Industries Q4 net profit down 9% on extraordinary item

He who would travel happily must travel light
Reliance Industries Ltd. has posted a net profit after tax of Rs35.5bn for the quarter ended March 31, 2009 compared to Rs39.1bn for the quarter ended March 31, 2008. Net profit (excluding exceptional items) is at Rs38.7bn. RIL reported a net profit of Rs35bn in the third quarter.
Net sales were Rs283.6bn versus Rs372.86bn in the same quarter last year. Total income for the reporting quarter has decreased to Rs293.5bn from Rs375.7bn in the quarter ended March 31, 2008. Other income for Q4 FY09 is Rs9.93bn versus Rs2.89bn in Q4 FY08.
Earnings Per Share (EPS) stood at Rs23.4 as against Rs26.9 in the fourth quarter of last financial year. Excluding exceptional item, EPS is Rs25.6 compared to Rs26.9 in the year-ago period.
Exceptional item of Rs3.7bn represent provision made towards estimated claims on account of subsidiaries.
For the year ended March 31, 2009, net profit after tax is Rs152.79bn compared to Rs194.58bn in the year ended March 31, 2008. For the year, net profit before exceptional items increased by 2.3% to Rs156.07bn.
Gross sales rose by 8.3% to Rs1507.71bn. Net sales stood at Rs1462.91bn versus Rs1334.43bn in the previous financial year. EPS for the year is Rs101 versus Rs133.9 in the year ended March 31, 2008. EPS (excluding exceptional items) is Rs103.2 as against Rs105 in the year 2007-08.

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