REL bottomline up 15 per cent

BS 200 SCORECARD

Reliance Energy (REL) today reported net profit of Rs 169 crore for the quarter ended March 2006, compared with Rs 148 crore in the same period last year, an increase of 15 per cent.

For the full year ended March 2006 net profit stood at Rs 650 crore, up 25 per cent over the Rs 520 crore recorded last year.

For the full year the company reported total income of Rs 4,608 crore compared with Rs 4,593 crore last year. Cash profit stood at Rs 999 crore up from Rs 866 crore last year, an increase of 15 per cent.

A company release said that net profit has grown at a CAGR of 59 per cent between FY03 and FY06.

The company also announced a dividend payment of Rs 3.8 per share, amounting to a payout of Rs 80.7 crore. Including this, the total dividend for 2005-06 is Rs 5 per share, amounting to a payout of Rs 104.1 crore.

The company's aggregate revenues from energy sales during the year is Rs 3,179 crore against Rs 2,896 crore last year, an increase of 10 per cent. The aggregate sales of electricity were 8,064 million units, up 1.3 per cent over last year. The company increased its consumer base in Mumbai by about 1.1 lakh to 24.9 lakh consumers.

The company's EPC and contracts division reported a turnover of Rs 840 crore, against Rs 1,235 crore in the corresponding previous period. The division had an order book position of about Rs 3,300 crore. Other income was Rs 589 crore, an increase of 27 per cent, mainly representing interest income.

The company's earnings before interest, tax, depreciation and amortisation (EBITDA) increased to Rs 1,321 crore, against Rs 1,050 crore last year, an increase of 26 per cent. Interest expenditure was Rs 192 crore.