Reliance Infra full-year net profit up 15% | business | Hindustan Times
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Reliance Infra full-year net profit up 15%

Reliance Infrastructure reported a consolidated net profit of Rs 1,353 crore for the year ended March 31, 2009, showing an increase of 15 per cent over the previous year when it had recorded a net profit of Rs 1,178 crore. HT Correspondent reports.

business Updated: Apr 23, 2009 22:50 IST
HT Correspondent

Reliance Infrastructure of the Anil Dhirubhai Ambani Group on Thursday reported a consolidated net profit of Rs 1,353 crore for the year ended March 31, 2009, showing an increase of 15 per cent over the previous year when it had recorded a net profit of Rs 1,178 crore.

The company, which was previously known as Reliance Energy, declared a dividend of Rs 7 per share amounting to a payout of Rs 185 crore for the year-ended March 31, 2009.

Reliance Infra, whose aggregate revenue from energy sales, one of its main businesses, stood at Rs 7,183 crore, recorded a consolidated income of Rs 12,845 crore, an increase of 15 per cent over the previous year’s income of Rs 8,480 crore.

The company, whose net worth stood at Rs 16,897 crore, also announced plans to invest Rs 1,325 crore in BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL) in Delhi to increase energy efficiencies over the next two years. In the past year, the company’s subsidiaries added 15 new grid sub stations.

The turnover of Reliance Infra’s EPC Division for the financial year ended March 31, 2009 was Rs 2,437 crore against Rs 1,393 crore in the corresponding previous period. As on March 31, 2009, the net worth of the Company on consolidated basis stood at Rs 16,897 crore.

The Company’s cash and cash equivalents have increased to over Rs 10,000 crore ($1.98 billion) as on March 31, 2009 in spite of aggressive capex, buybacks and un-recovered FAC aggregating over Rs 3,000 crore.