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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RELIANCE INDUSTRIAL INFRASTURCTURE = FIRST QTR (FY2011) RESULTS = COMPARISON

RELIANCE INDUSTRIAL INFRASTRUCTURE LIMITED

FIRST QUARTER FY 2011 RESULTS

COMPARISON

Reliance Industrial Infrastructure Limited (Of the Mukesh Ambani Group) has declared the results for Q1 FY11 which shows some improvement over preceding quarter.

Net Sales at Rs.12.45 cr in Q1 FY11 is more by 17.5% compared to preceding quarter of Q4 FY2010 (Rs.10.60) but is down by 8.8% from Q1 FY2010 sales of Rs.13.65 Cr and down proportionately by 2.6% compared to sales of FY2010 of Rs.51.16. FY2009 had higher sales o Rs.70.9 Cr.

Profit from Operations in Q1 FY11 at Rs.3.42 Cr is down by 1.9% compared to OPT of  Q4FY10 of Rs.3.49 Cr; and down by 24.5% compared to OPT of Q1 FY10 of Rs.4.54 Cr, and down proportionately by 25.2% compared to OPT of FY2010 of Rs.18.32 Cr. FY2009 had  higher operational Profit of Rs.28.93 Cr.

Other Income of Rs.4.54 is higher by 113.7% compared to Rs.2.13 Cr in Q4 FY2010; and higher by 137% compared To Rs.1.91 Cr in Q1 FY2010; and higher proportionately – compared to FY2010 of Rs.8.11 by 124.1%.

Net Profit is Rs.6.47 Cr – higher by 19%, compared to Rs.5.44 Cr in Q4 FY10 ; and by 26.9% from Rs.5.10 in Q1 FY10; and by 17.8% compared to proportionate NPT of FY2010 (total :of Rs.21.98 Cr). Net profit in FY2009 was Rs.22.47 Cr.

Basic EPS is Rs.4.29 compared to Rs.3.6 in Q4 FY2010; and compared to Rs.3.38 in Q1 FY2010 ; and further compared proportionately to the FY2010 total EPS of Rs.14.55 (by 17.9%) – on the Face Value per share of Rs.10. EPS In FY2009 was Rs.14.88.

If RIIL repeats similar performance in all 4 quarters, the FY2011 EPS could be  between Rs.4.29 x 4 = Rs.17.16 (or,14.55 x 117.9% =17.16).

The Equity is Rs.15.10 Cr.

The attraction in the company seems basically to be that - it is closely linked with RIL Industries  Group of Mukesh Ambani. But, this connection needs to translate into higher sales and profits  in future – which is what investors seem to be expecting.

Current MP is Rs.938.

RESULTS IN FIGURES :

REL IND INFRA	Jun-10	Mar-10	dif%3	Jun-09	dif%1	FY10	dif%2
Net Sales	1245.39	1060.15	17.5	1365.26	-8.8	5116.06	-2.6
Raw Materials	19.88	47.82	-58.4	94.76	-79	263.01	-69.8
Employees Cost	275.21	208.15	32.2	199.97	37.6	813.17	35.4
Depreciation	107.03	174.84	-38.8	97.4	9.9	463.16	-7.6
Other Expdr	500.85	280.16	78.8	519.51	-3.6	1744.67	14.8
Total Expdr	902.97	710.97	27	911.64	-1	3284.01	10
Profit.Operations	342.42	349.18	-1.9	453.62	-24.5	1832.05	-25.2
Other Income5	454.05	212.52	113.7	191.32	137	810.59	124.1
P B I&EI	796.47	561.7	41.8	644.94	23.5	2642.64	20.6
Interest6	-	34.16		44.95		149.76
P A I B B EI	796.47	527.54	51	599.99	32.7	2492.88	27.8
Profit before tax	796.47	527.54	51	599.99	32.7	2492.88	27.8
Tax expense	149.16	-16.64	-996	89.83	66	295.33	102
P A T	647.31	544.18	19	510.16	26.9	2197.55	17.8
Net Profit	647.31	544.18	19	510.16	26.9	2197.55	17.8
Dividend (%)	-	35		-		35
Face Value.Rs	10	10	0	10	0	10	300
Paid Up Equity	1510	1510	0	1510	0	1510	300
Basic EPS A EI	4.29	3.6	19.2	3.38	26.9	14.55	17.9
Diluted EPS A EI	4.29	3.6	19.2	3.38	26.9	14.55	17.9
Basic EPS B EI	4.29	3.6	19.2	3.38	26.9	14.55	17.9
Diluted EPS B EI	4.29	3.6	19.2	3.38	26.9	14.55	17.9
Public holding.%	54.57	54.57	0	54.57	0	54.57	300

ANNOUNCEMENTS

TO THE EXCHANGE

09-07-2010        Reliance Industrial Infrastructure Limited has informed the Exchange that the dividend on Equity Shares, if declared at the Annual General Meeting of the Company, convened to be held on August 04, 2010, will be paid on or after August 04, 2010.        -

05-07-2010        Reliance Industrial Infrastructure Limited has informed the Exchange that the Register of Members and Transfer Books of the Company will remain closed from July 15, 2010 to July 20, 2010 (both days inclusive) to determine the names of the members who will be entitled to receive dividend on the equity shares of the Company for the financial year ended March 31, 2010. Further, the Annual General Meeting of the Company will be held on August 04, 2010.      -

20-04-2010        Reliance Industrial Infrastructure Limited has informed the Exchange that the Board of Directors at its meeting held on April 20, 2010 recommended a Dividend of Rs. 3.50 per Equity Share of Rs. 10/- each on the Paid-up Capital of Rs. 15.10 crores.

13-04-2009        News Verification : The media had reports on April 09, 2009 that Reliance Industrial Infrastructure Limited may merge with RIL. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Reliance Industrial Infrastructure Limited has vide its letter inter-alia stated, " In this regard we wish to clarify that there are no plans or proposals being considered by Reliance Industrial Infrastructure Limited ("Company") to merge or otherwise restructure the company with Reliance Industries Limited or any other entity. We also wish to clarify that all such speculative reports in the electronic media are baseless and false."

19-12-2007        Reliance Industrial Infrastructure Limited has informed the Exchange that: "The Company has launched its Website. The URL of the Website is http://www.riil.in. Further the Company's email ID is investor_relations@riil.in".

01-03-2006        Reliance Industrial Infrastructure Limited has informed the Exchange that the Company has moved a Special Resolution to be passed through Postal Ballot under the provisions of Regulation 12 of the SEBI Regulations seeking the consent of the Members of the Company for change in control of the Company in favour of Reliance Industries Limited ("RIL") and for RIL to be recognized and classified as the new Promoter of the Company in place of Shri Satyapal Jain, the existing Promoter and Persons Acting in Concert with him, for the purpose of the SEBI Regulations.

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