Saturday, April 21, 2012

RIL DISAPPOINTS AGAIN

RIL has recorded its second consecutive quarterly drop in profit, dented by weak refining margins and declining gas output from its offshore fields KG-D6.

During the last quarter of FY12, RIL’s total income by 18.86 per cent to Rs 87,477 crore versus Rs 73,591 crore in the quarter ended March 31, 2011.  However, other income of the company zoomed 150 per cent to Rs 2,295 crore as compared with Rs 917 crore in the comparable quarter.

 For the full year of 2011-12, RIL has posted a net profit of Rs 20,040 crore as compared to Rs 20,286 crore in FY 2010-11, a decline of 1.2 per cent. Sales year-on-year grew 31 per cent to Rs 339792 crore.  Total Income during the period rose to Rs 3,36,096 crore from Rs 2,51,222 crore for the comparable period, a surge of 33.78 per cent.

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