RIL net up 47% at Rs 7628 crores

[SexyGurl 0]

Heard over CNBC, Infocomm posted a profit of 51 crore in FY05 !!! -- by what they seemed to say, it looks that it's the profit for all of the year Apr'04-Mar'05.

It's already known that the 9 month loss (Apr'04-Dec'04) was Rs. 272 crore.

If they managed to wipe that entire thing in Q4 .... it's simply incredible.

From a loss of Rs. 6 crore in Q3 to a profit of 323 crore in Q4 is great perfomance on a sequential basis.

I am still wondering, what really did it for them in Q4 !!!!!!

And off coure waiting for the news to listed in print on the internet. (to make sure i got it right from TV )

[Chirag 5]

RIL net up 47% at Rs 7,628 crore

A Correspondent in Mumbai | April 27, 2005 13:27 IST

Last Updated: April 27, 2005 14:35 IST

Rediff.com

Amidst bitter fight between the Ambani brothers, Reliance Industries Limited on Wednesday announced a whopping 47 per cent rise in consolidated net profit for the year ending March 31, 2005 at Rs 7,628 crore ($1.7 billion).

It is the first private sector company in India to record a net profit of over $1.7 billion.

Highlights:

• Earning per share of Rs 54.2 and cash EPS of Rs 86.6
  
• Cash profit of Rs 12,087 crore (Rs 120.87 billion) for the year, an increase of 31 per cent
  
• Turnover of Rs 73,164 crore (Rs 731.64 billion) for the year, an increase of 30 per cent
  
• Exports of Rs 25,532 crore (Rs 255.32 billion), an increase of 71 per cent
  
• Dividend increased from 52.5 per cent to 75 per cent
  
• Dividend of 75 per cent, payout of Rs 1,192 crore (Rs 11.92 billion)
  
• Net profit of Rs 7,572 crore, an increase of 47 per cent
  
• The company's contribution to the national exchequer in the form of various taxes was Rs 13,972 crore (Rs 139.72 billion).
  

During the year major associates of Reliance have registered encouraging growth:

Indian Petrochemicals Corporation Limited has posted a turnover of Rs 9,386 crore (Rs 93.86 billion) against Rs 9,019 crore (Rs 90.19 billion) for the corresponding previous year, an increase of 4 per cent and net profit after tax of Rs. 789 crore (Rs 7.89 billion) against Rs 273 crore (Rs 2.73 billion) for the corresponding previous year, an increase of 188 per cent for the year ended March 31, 2005.

Reliance Energy Limited has reported an increase of 42 per cent in their net profits to Rs 520 crore (Rs 5.2 billion) and an increase of 28 per cent in total income at Rs 4,593 crore (Rs 45.93 billion).

Reliance Infocomm Limited has posted a turnover of Rs 5,387 crore (Rs 53.87 billion) against Rs 2,707 crore (Rs 27.07 billion) for the corresponding previous year, an increase of 99 per cent and net profit after tax of Rs 51 crore (Rs 510 billion) against loss of Rs 390 crore (Rs 3.9 billion) for the corresponding previous year.

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And ppl were out there to sell RIL Shares! Who could forecast this in the last 4-6 months! - Chirag

[SexyGurl 0]

Yeah .. so what I understood was indeed correct ...

323 crore profit on Q4 !!

Certainly not from higher subscirber numbers alone:

They added about 1 million new (& paying) subscribers ... & got rid of the old non-paying 1 milion ... so the total is same as end of Q3.

The new 1 million paying subscribers ... even if paying @400 per month >>> 400 million x 3 = 1200 million in the quarter.

That makes, Rs. 120 cr extra profit in Q4 (assuming additional operating costs on the new subscribers are nil ... as is very likely in telecom business).

So, where do the remaining (323-120) = Rs. 200 crore come from.

Whopping amount --- and that 200 crore is the real mismatch (120 crore profit was anyway expected) ??????

Not from loss-elimination (in Q3 it was only 56 crore ... so that's all they could squeeze out) !!!

And what happened to the penalty to the government .... that should have reduced the "expected" 120 crore profit itself !!!

Edited April 27, 2005 by bhutes