Reliance Industrial Infrastructure Limited =RIIL = RESULTS FOR FY 2011,2010,2009 COMPARED = NO PROGRESS

Reliance Industrial Infrastructure Limited

NSE Symbol   RIIL

Reliance Industrial Infrastructure Ltd has declared results for the Year ending March 2011. These are compared blow with the previous 2 years.

Net Sales is Rs.56.02cr – compared to Rs.51.16 cr in FY 10, and Rs.70.99 Cr in FY 09.

Total Expenditure has increased to Rs.45.28 cr- compared to Rs.32.84 cr in FY 10 and Rs.42.06 cr in FY 09. This is mainly on account of huge increase in raw Material cost, and increase in employee cost as well, though other expenditure has decreased.

Profit from Operations is Rs.10.74 cr compared to Rs.18.32 cr in FY 10 and Rs.28.93 cr in FY 09.

Profit before tax is Rs.25.31 cr in FY 11 – compared to Rs.24.93 cr in FY 10, and Rs.34.81 cr in FY 09.

Net Profit is Rs.22.38 cr in FY 11; against Rs.21.96 cr in FY 10 and Rs.22.47 cr  in FY 09.

Basic EPS (in Rs.) is Rs.14.82 in FY 11; against Rs.14.55 in FY 10; and Rs.14.88 in FY 09.

RESULTS  TABLE :

REL INDU INFRA LTD	FY 2011	FY 2010	FY 2009
Net Sales	5602.04	5116.06	7099.35
Raw Materials	1948.58	263.01	599.77
Employees Cost	1209.07	813.17	1005.94
Depreciation	570.47	463.16	457.58
Other Expenditure	800.34	1744.67	2142.92
Total Expenditure	4528.46	3284.01	4206.21
Profit from Operations	1073.58	1832.05	2893.14
Other Income	1457.77	810.59	802.25
Interest	-	149.76	214.32
Profit before tax	2531.35	2492.88	3481.07
Tax Expense	292.94	295.33	1233.76
Net Profit	2238.41	2197.55	2247.31
Dividend (%)	35	35	35
Face Value (in Rs.)	10	10	10
Paid-up Equity	1510	1510	1510
Basic EPS (in Rs.)	14.82	14.55	14.88
Public holding (%)	54.54	54.57	54.57

QUARTERLY  RESULTS  COMPARISON :

On a quarterly basis, though net sales has increased in Q4 FY 11; total expenditure has also increased more than proportionately, thus reducing the profits and the EPS finally.

The results overall reflect NO PROGRESS.

RIIL	31-Mar-11	31-Dec-10	30-Sep-10	30-Jun-10	31-Mar-10
Net Sales	1804.39	1303.33	1248.93	1245.39	1060.15
Total Expenditure	1764.24	1007.82	900.01	902.97	710.97
Profit from Operations	40.15	295.51	348.92	342.42	349.18
Profit before tax	363.75	569.52	801.61	796.47	527.54
Net Profit	434.88	489.15	667.07	647.31	544.18
Basic EPS	2.88	3.24	4.42	4.29	3.6

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