Reliance Infrastructure Limited
NSE Symbol RELINFRA
Reliance Infrastructure Limited has declared its consolidated results for the third Q/E December, 2010.
Net Sales : is Rs.3592.50 – down by 9.15% from Q2 FY 11; down by 3.05% from Q1 FY 11; and down proportionately (Q3 X 4) from the previous year of FY 2010 by 1.04%.
Total Expenditure is Rs.3311.58 cr – down by 6.74% from Q2 FY 11; down by 6.33% from Q1 FY 11 and down proportionately from FY 2010 by 4.13%.
Profit from Operations is Rs.432.38 cr – down by 12.07% from Q2 FY 11; but up by 49.94% from Q1 FY 11 and also up proportionately from FY 2010 by 65.05%.
Net Profit is Rs.346.88 – up by 37.62% from Q2 FY 11; up by 20.99% from Q1 FY 11; and also up proportionately by 15.84% from FY 2010.
Consolidated Net Profit is Rs.405.25 cr – up by 12.51% from Q2 FY 11; Up by 7.98% from Q1 FY 11; and also up proportionately by 6.69% from FY 2010.
Basic EPS (in Rs.) is Rs.18.55 – up by 26.1% from Q2 FY 11; up by 21% from Q1 FY 11; and up proportionately from FY 2010 by 10.04%.
Thus, while the Net Sales has not gone up, the profits have gone up due to reduction in expenditure and increase in other operating income.
BUY-BACK : R Infra wants to BUY BACK its shares worth around Rs.1000 Cr. Reserves excluding Revaluation Reserves as at FY 2010 end was shown as Rs.19382.22 Crores. Hence, good reserves are available. R Infra has come down steeply in market price in the last 365 days, which may also be a reason for the Buy Back, to reward the investors better. This will also give slightly greater percentage of holding to the Promoter Group.
The success of R Infra, like that of any other Infrastructure company, depends on bagging orders consistently and executing the projects FAST. R Infra seems to be having sufficient orders on hand for execution.
CONSOLIDATED RESULTS TABLE :
| Q3 FY 11 | ||||
| Net Sales | 359250 | 395442 | 370566 | 1452138 |
| Net Sales | 359250 | -9.15 | -3.05 | -1.04 |
| Other Oprtng Income | 15146 | 8827 | 11803 | 34344 |
| Raw Materials | 259736 | 290099 | 293075 | 1124024 |
| Employees Cost | 26447 | 24305 | 23300 | 94652 |
| Depreciation | 12571 | 12566 | 11959 | 47244 |
| Other Expenditure | 32404 | 28128 | 25199 | 115775 |
| Total Expenditure | 331158 | 355098 | 353533 | 1381695 |
| Total Expenditure | 331158 | -6.74 | -6.33 | -4.13 |
| Profit from Operations | 43238 | 49171 | 28836 | 104787 |
| Profit from Operations | 43238 | -12.07 | 49.94 | 65.05 |
| Other Income | 12768 | -2614 | 20196 | 82485 |
| Interest | 15643 | 15202 | 13724 | 52513 |
| Profit before tax | 40363 | 31355 | 35308 | 134759 |
| Tax Expense | 5675 | 6150 | 6638 | 14983 |
| Net Profit | 34688 | 25205 | 28670 | 119776 |
| Net Profit | 34688 | 37.62 | 20.99 | 15.84 |
| Minority Interest | -19 | 1 | 1 | -18 |
| Shares of Associates | -5818 | -10814 | -8860 | -32145 |
| Consolidated Net Profit | 40525 | 36018 | 37529 | 151939 |
| Consolidated Net Profit | 40525 | 12.51 | 7.98 | 6.69 |
| Face Value (in Rs.) | 10 | 10 | 10 | 10 |
| Paid-up Equity | 24492 | 24491 | 24491 | 24492 |
| Basic EPS (in Rs.) | 18.55 | 14.71 | 15.33 | 67.43 |
| Basic EPS (in Rs.) | 18.55 | 26.1 | 21 | 10.04 |
| Diluted EPS(in Rs.) | 16.41 | 14.51 | 15.14 | 66.39 |
| Public Holding (%) | - | 57.27 | 57.27 | 57.27 |
ANNOUNCEMENTS
TO THE EXCHANGE
14-02-2011 Reliance Infrastructure Limited has informed the Exchange regarding a media release dated February 14, 2011, titled "Net Profit of Rs. 405 crore (US$ 91 million) for the Quarter - An Increase of 10%".
14-02-2011 Reliance Infrastructure Limited has informed the Exchange that the Boards of Directors of the Company at the meeting held on February 14, 2011 have approved a buy-back of its outstanding equity shares of Rs 10 each of the Company for an aggregate amount of up to Rs 1000 crore(US $ 222 million) at a price not exceeding Rs 725 per equity share. The buy-back will be made from the open market through the Stock Exchanges.
14-02-2011 Reliance Infrastructure Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 257101 lacs for quarter ending on 31-DEC-2010. Net Profit / (Loss) of Rs. 40525 lacs for the quarter ending on 31-DEC-2010.
27-01-2011 Reliance Infrastructure Limited has informed the Exchange regarding a press release dated January 27, 2011, titled "RINFRA COMMISSIONS WRSSS TRANSMISSION PROJECT - FIRST 100% PRIVATELY OWNED TRANSMISSION LINE".
07-01-2011 Reliance Infrastructure Limited has informed the Exchange that the Committee of Directors of the Company at its meeting held on January 07, 2011, has allotted 2,25,50,000 equity shares of Rs.10 each for cash at a price of Rs.928.89 (including a premium of Rs.918.89) per equity share to AAA Project Ventures Private Limited, being the Promoter, against the warrants issued on July 09, 2009. Consequent upon the said allotment, the paid-up capital of the Company stands increased to 26,74,20,262 fully paid up equity shares of Rs.10 each. Further, the Company has informed the Exchange regarding a press release dated January 07, 2011, titled "Promoter Group Invests Rs. 2,095 crore (US$ 460 mn) in R Infra Equity Shares".
23-11-2010 Reliance Infrastructure Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1486482 lacs for year ending on 31-MAR-2010 against Rs. 1250126 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 151939 lacs for the year ending on 31-MAR-2010 against Rs. 135323 lacs for the year ending on 31-MAR-2009.
23-11-2010 Reliance Infrastructure Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1002726 lacs for year ending on 31-MAR-2010 against Rs. 961985 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 115169 lacs for the year ending on 31-MAR-2010 against Rs. 113888 lacs for the year ending on 31-MAR-2009.
12-11-2010 Reliance Infrastructure Limited has informed the Exchange regarding a media release dated November 12, 2010, titled "Net Profit of Rs. 360 crore (US$ 80 million) for the Quarter - An Increase of 11%".
12-11-2010 Reliance Infrastructure Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 325556 lacs for quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 36018 lacs for the quarter ending on 30-SEP-2010.
12-11-2010 Reliance Infrastructure Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 155716 lacs for quarter ending on 30-SEP-2010 against Rs. 257188 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 17049 lacs for the quarter ending on 30-SEP-2010 against Rs. 30690 lacs for the quarter ending on 30-SEP-2009.
30-07-2010 Reliance Infrastructure Limited has informed the Exchange regarding a media release dated July 30, 2010, titled "Net Profit of Rs. 375 crore (US$ 81 million) for the Quarter - An increase of 6%".
30-07-2010 Reliance Infrastructure Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 370566 lacs for quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 37529 lacs for the quarter ending on 30-JUN-2010.
30-07-2010 Reliance Infrastructure Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 213538 lacs for quarter ending on 30-JUN-2010 against Rs. 240722 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 24625 lacs for the quarter ending on 30-JUN-2010 against Rs. 31657 lacs for the quarter ending on 30-JUN-2009.
28-05-2010 Reliance Infrastructure Limited has informed the Exchange that the Committee of Directors, as authorized by the Board of the Company at its meeting held on May 27, 2010, has taken the following decisions: 1) To sell the entire share capital of BSES Kerala Power Ltd (BKPL) which owns and operates the 165 MW thermal power station at Kochi held by the Company to Reliance Power Limited. 2) To sell the entire share capital of Reliance Goa and Samalkot Power Limited (RGSPL) held by Reliance Energy Generation Limited, the wholly owned subsidiary of RInfra to Reliance Power Ltd. In terms of the scheme of arrangement of the Company sanctioned by the Bombay High Court, the 48 MW power plant at Goa and the 220MW power plant at Samalkot in Andhra Pradesh would be transferred to and vested in RGSPL. M/s. KPMG India Pvt Ltd who have been appointed by the Company for valuation, have carried out valuation of BKPL as also the Goa and the Samalkot plants of RGSPL. The agreement to sell the shares will be given effect to after obtaining the requisite approvals, as may be required in this behalf and completion of all formalities related thereto
15-05-2010 Reliance Infrastructure Limited has informed the Exchange regarding a press release dated May 15, 2010, titled "Net Profit of Rs. 1,519 crore (US$ 338 Million) for the year - An increase of 12%".
15-05-2010 Reliance Infrastructure Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 15, 2010 has declared an interim Dividend of Rs. 7.10 per Equity share for the year 2009-10.
15-05-2010 Reliance Infrastructure Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 255312 lacs for quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 25109 lacs for the quarter ending on 31-MAR-2010.
10-05-2010 Reliance Infrastructure Limited had informed the Exchange that the Board of Directors of the Company have fixed May 19, 2010 as the Record Date for the purpose of determining the entitlement for payment of interim dividend, if any. The Company has now informed the Exchange that consequent to change in the date of the Board Meeting, the Company has revised record date as May 20, 2010 for the purpose of determining the entitlement for payment of interim dividend, if any.
01-04-2010 Reliance Infrastructure Limited has informed the Exchange that the Committee of Directors of the Company at its meeting held on March 31, 2010, has allotted 1,96,00,000 equity shares of Rs.10 each for cash at a price of Rs.928.89 ( including a premium of Rs. 918.89) per share to AAA project Ventures Private Limited, being the Promoter Group, against the warrants issued on July 09, 2009. Consequent upon the said allotment, the paid-up Capital of the Company stands increased to 24,48,70,262 fully paid-up equity shares of Rs.10 each. Further, the Company has submitted to the Exchange a Copy of the Media Release dated March 31, 2010.
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