Financial Daily from THE HINDU group of publications
Thursday, Apr 20, 2006
Financial Daily from THE HINDU group of publications Thursday, Apr 20, 2006 |
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Corporate Results
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Power Corporate - Financial Performance Reliance Energy posts 14.5 pc rise in Q4 net profit Our Bureau
Mumbai , April 19 Reliance Energy Ltd has reported a 14.5 per cent increase in net profit for the fourth quarter ended March 31, 2006. Net profit rose to Rs 169.47 crore, up from Rs 147.93 crore in the fourth quarter of the previous fiscal. Net sales of electricity rose by 17.7 per cent to Rs 771 crore, up from Rs 654.7 crore. However, total revenues dipped by dipped by 22.9 per cent to Rs 1,224.45 crore (Rs 1,589 crore) due to income from EPC and contracts falling to Rs 267 crore, down from Rs 812.34 crore. The company's annual net profit rose by 24.9 per cent to Rs 650 crore (Rs 520.3 crore). Other income, chiefly interest income, at Rs 589 crore was 27 per cent higher and aided in boosting the company's results. This also offset interest expense of Rs 192 crore. Total income for the year was marginally higher at Rs 4,608 crore (Rs 4,592 crore).
Gross profit up
REL's EBIDTA margin rose to 28.7 per cent during the year, up from 22.9 per cent. Income from sale of electrical energy grew 10 per cent amounting to Rs 3,179 crore (Rs 2,895 crore), while income from EPC and contracts fell to Rs 840 crore (Rs 1,234.7 crore). Corporate tax amounted to Rs 131 crore (Rs 48 crore). The company's consumer base in Mumbai increased by 1.1 lakh and now numbers 24.9 lakh. Energy purchased was 17 per cent higher by volume but only 8 per cent higher by cost, said a statement.
PLF rises
There was a marginal decline in the plant load factor across many units — the Dahanu power station's plant load factor stood at 98.7 per cent (101.4 per cent) due to a temporary shutdown; its AP power station at 51.2 per cent (61 per cent, due to lower availability of gas); and its wind farm power project's PLF was 34 per cent (36 per cent). The REL stock lost Rs 3.10 on the BSE on Wednesday, to close at Rs 634.65, losing 0.49 per cent over the day.
More Stories on : Power | Financial Performance | Reliance Energy Ltd
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