Reliance Industries (RIL) is trading higher by 1% at Rs 968 in opening trades on the BSE after reporting 3% year-on-year (yoy) increase in operating profit at Rs 10,367 crore for the fourth quarter ended March 31, 2014 (Q4FY14) on account of improvement in profit from the refining and petrochemical segments.
The company’ operating profit or earnings before interest, taxes, depreciation and amortisation (Ebitda) of the refining segment was up 12.3% to Rs 3,954 crore, and that of petrochemical segment rose by 10.6% to Rs 2,096 crore on a y-o-y basis.
However, Q4FY14 net profit was flat y-o-y at Rs 5,631 crore against Rs 5,589 crore in the corresponding quarter of the previous fiscal. Its net sales increased 13.1% yoy to Rs 95,193 crore due to an increase in refining segment sales and petrochemical segment sales.
Gross refining margins (GRMs) stood at US$9.3/bbl in Q4FY2014 (US$7.6/bbl in Q3FY2014 and US$10.1/bbl in Q4FY2013) while the gas production from KG-D6 fields stood at 13.6mmscmd in Q4FY2014 compared to 12.3mmscmd in Q3FY2014.
The stock opened at Rs 968 and touched a high of Rs 970 so far. A combined around 270,000 shares changed hands on the counter on the NSE and BSE at 0920 hours.
The company’ operating profit or earnings before interest, taxes, depreciation and amortisation (Ebitda) of the refining segment was up 12.3% to Rs 3,954 crore, and that of petrochemical segment rose by 10.6% to Rs 2,096 crore on a y-o-y basis.
However, Q4FY14 net profit was flat y-o-y at Rs 5,631 crore against Rs 5,589 crore in the corresponding quarter of the previous fiscal. Its net sales increased 13.1% yoy to Rs 95,193 crore due to an increase in refining segment sales and petrochemical segment sales.
Gross refining margins (GRMs) stood at US$9.3/bbl in Q4FY2014 (US$7.6/bbl in Q3FY2014 and US$10.1/bbl in Q4FY2013) while the gas production from KG-D6 fields stood at 13.6mmscmd in Q4FY2014 compared to 12.3mmscmd in Q3FY2014.
The stock opened at Rs 968 and touched a high of Rs 970 so far. A combined around 270,000 shares changed hands on the counter on the NSE and BSE at 0920 hours.