The standalone net profit of Reliance Industries (RIL) rose 6 percent in 2012-13 on a year-on-year (y-o-y) basis to Rs 21,003 crore, while its revenue rose 9.2 percent to Rs 3.71 trillion.
The company attributed the growth in earnings largely to strong and improved refining margins during the year.
The company’s hope to create long-term value to its shareholders is strengthened by the production growth from its investments in unconventional liquids-rich resource plays in North America.
Sales of the company, however, declined 1.4 percent during Jan-Mar 2013, while profitability rose 32 percent to a higher-than-expected Rs 5,589 crore.
Treasury income, or the returns it earns by investing the surplus cash on its books supporters the firm’s profits during the quarter ending March 2013.
The company announced a dividend of 90 percent, or Rs 9 a share, which will result in a payout of Rs 3,092 crore.
Meanwhile, it may be noted that the company may benefit if the government hikes natural gas prices from the current level of $4.2 per million British thermal units.
The government is due to revise the price set for the natural gas produced from D6 basin in 2014.
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