Reliance Q1 net dips 11.5 per cent to Rs3,636 crore
24 Jul 2009
Reliance Industries Limited (RIL) today reported an 11.5 per cent fall in its fiscal first quarter (April-June) 2009-10 net profit to Rs3,636 crore ($759 million).
Total turnover of the company decreased 22.6 per cent to Rs33,309 crore ($7 billion) while exports decreased 38.5 per cent to Rs17,433 crore ($3.6 billion), un-audited financial results released by the company showed.
Profit before depreciation, interest and taxes (PBDIT) increased 4.3 per cent to Rs6,623 crore ($1.4 billion). PBDIT margin increased from 19.9 per cent during the quarter from 14.7 per cent in the same quarter of the previous year.
Profit before tax decreased 5.1 per cent to Rs4,650 crore ($971 million). Cash profit remained flat at Rs5,488 crore ($1.1 billion).
The company reported gross refining margin of $7.5 a barrel for the quarter ended 30 June 2009. Net debt to equity ratio of the company stood at 0.24 as of 30 June 2009.
RIL commissioned its KG D6 offshore gas block on 2 April 2009 and commenced production from the block.
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