Outstanding show by Reliance Energy in Q4 - by mittar_b
Reliance Energy headquartered at Noida(India) and headed by Anil Dhirubhai ambani group recently announced to change its name to Reliance Infrastructure Ltd , so that the new name truly reflects the nature of its current businesses however, new name will not affect any of the rights of the company or of Investors in any sense. Reliance Infrastructure has been engaged in a number of projects that are related not just to power generation, transmission and distribution, but also to highways, bridges, metro rail, airports and real estate and is the sole distributor of electricity to consumers in the suburbs of Mumbai .Currently company is India's largest integrated private sector power utility. It is also the largest private sector metro rail project developer in the country with construction acquisitions of 12 km Versova-Andheri-Ghatkopar (VAG) corridor in Mumbai and 22.7 km airport link in Delhi. Reliance Infrastructure is also constructing the country's tallest 100-storey corporate park in Hyderabad and has plans for setting Special Economic Zones (SEZ) in Noida and Mumbai.Company is in advanced stages of bidding for several metro, airports, highways and energy distribution projects across the country. The company also plans to build power plants across India using funds raised from its initial share sale.
Associated and Subsidiary companies are as follows:-
Reliance Energy Trading Ltd
Reliance Energy Transmission Ltd
Utility Powertech Ltd
BSES Yamuna Power Ltd
BSES Kerela Power Ltd
North Eastern electricity Supply Company of Orissa Ltd. etc;
Reliance Energy Ltd, reported a phenomenal rise of 31 percent in its standalone net profit for the fourth quarter ending March ,2008 stood at Rs 311 crore as against Rs 237 crore in corresponding period last year i.e quarter ended March 31,2007.Company's standalone total income during the quarter was increased marginally by 5 percent and stood at Rs 1,977 crore against Rs 1,890 crore a year ago period .The company’s board of directors after influenced by company's performance decieded a final dividend of Rs 6.3 per share amounting to a payout of Rs 173 crore for the reporting year. Earnings Per Share of the company was increased by 25 percent from Rs 10.6 to Rs 13.2 at the end of quarter i.e March 31, 2008. During the Jan-March quarter Company had bagged orders of worth Rs 7850 crore showing an increase of 50% from a year-ago period .As Far as Yearly results are concerned, Company Posted a Net profit of Rs 1085 crore for the year ended March 31,2008 that is 35.5 percent up from Rs 801 crores rupees a year earlier i.e year ended March 31,2007 . During the Year Net sales of the company surge by 11% to Rs 6313 crore for the year ended March 31, 2008 as against Rs 5692 crores a year ago while total income of the company rise by 14 percent from Rs 6575 crores to Rs 7501 crore in year ending March 31,2008.
Company sold 9,292 million units of electricity during the financial year 2007-08 as against 8,766 units in last financial year i.e 2006-07. Cash Profit of company for the year ended March 31,2008 was increased by 24 percent to Rs 1,325 crore as against Rs 1,069 crore in the previous year.On Consolidated basis Company posted an increase of 41 percent in its Cosolidated Net profit to Rs 1178 crores for the year ended March 31,2008 as against Rs 834 crores for the year ended March 31,2007 while Total Income of the company was increased by 26 percent and recorded as Rs 9760 crore in financial year 2007-08 as against Rs 7,775 crore last fiscal i.e 2006-2007. On Consolidated basis Company posted an increase of 41 percent in its Cosolidated Net profit to Rs 1178 crores for the year ended March 31,2008 as against Rs 834 crores for the year ended March 31,2007 while Total Income of the company was increased by 26 percent and recorded as Rs 9760 crore in financial year 2007-08 as against Rs 7,775 crore last fiscal i.e 2006-2007.