Thursday, April 21, 2011

RIL Q4 topline beats street; misses bottomline, GRM target

Mukesh Ambani flagship company Reliance Industries came out with mixed set of numbers for quarter-ended March 2011.

The company's Q4 net profit was up 14% at Rs 5376 crore versus Rs 4710 crore, year-on-year (YoY). While its Q4 net sales were up 26.23% Rs 72,674 crore versus Rs 57,570 crore, YoY.

According to CNBC-TV18 estimates, its was likely to report 16.8% growth in its fourth quarter net profit of Rs 5,500 crore while sales were likely to go up by 19% to Rs 68,500 crore.

Here are the key highlights of Q4:

    * Its Q4 EPS stood at Rs 16.4.
    * Its quarter-on-quarter basis GRM stood at USD 9.2 versus USD 9 per barrel.
    * Its EBITDA margins were at 13.54% versus 15.86% YoY.
    * Its other income was up at Rs 917 crore versus Rs 615 crore, YoY.
    * Its Petchem revenue were up at Rs 18,194 crore versus Rs 15,448 crore, YoY.
    * Its refining revenue were up at Rs 62,704 crore versus Rs 51,250 crore, YoY.
    * Its oil & gas revenue were down at Rs 4,104 crore versus Rs 4,318 crore, YoY.
    * Its Petchem EBIT margins was at 14.43% verus 14.38%, YoY.
    * Its refining EBIT margins at 4% versus 3.8%, YoY.

The company has decided to pay dividend of Rs 8 per share.

FY11

The company's FY11 net profit was up 24.94% at Rs 20,286 crore versus Rs 16,236 crore.

Its FY11 revenues were up 29% at Rs 2,48,170 crore versus Rs 1,92,461 crore.

GRM for FY11 stood at USD 8.4 per barrel.

RIL says

The Board of Directors has approved an appropriation of Rs 16,000 crore (USD 3.59 billion) to General Reserves, RIL said in a media release.

The company will get USD 2 billion from BP as deposit under current liabilities. The BP deposit will be included in books post regulatory nod.

It also said that Atlas, Pioneer and Shale joint ventures have commenced production. “Shale joint ventures currently producing 80 mmscfd of gas,” the press release said.

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