Polyester maker Reliance Industries Ltd (RIL) declares the following audited results for the quarter & year ended March 31, 2006:
The Company has posted a net profit of Rs 25020 million for the quarter ended March 31, 2006 (Q4 FY 05-06) as compared to Rs 22920 million for the quarter ended March 31, 2005 (Q4 FY 04-05).
Total Income (net of excise) has increased from Rs 183150 million in Q4 FY 04-05 to Rs 246290 million for Q4 FY 05-06.
The Company has posted a net profit of Rs 90690 million for the year ended March 31, 2006 (FY 05-06) as compared to Rs 75720 million for the year ended March 31, 2005 (FY 04-05).
Total Income (net of excise) has increased from Rs 675010 million in FY 04-05 to Rs 818940 million for FY 05-06.
The Consolidated results are follows: The Group has posted a net profit (after adjustments for Minority Interest) of Rs 93980 million for the year ended March 31, 2006 (FY 05-06) as compared to Rs 76280 million for the year ended March 31, 2005 (FY 04-05).
Total Income (net of excise) has increased from Rs 681280 million in FY 04-05 to Rs 841300 million for FY 05-06.
The Board of Directors has recommended a dividend of Rs 10 per fully paid-up equity shares of Rs 10/- each.
The Reliance Group founded by Dhirubhai H. Ambani (1932-2002) is India's largest business house with total revenues of over Rs 99,000 crore (US$ 22.6 billion), cash profit of Rs 12,500 crore (US$ 2.8 billion), net profit of Rs 6,200 crore (US$ 1.4 billion) and exports of Rs 15,900 crore (US$ 3.6 billion).
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