REL Q4 net up 42.5 per cent

Mumbai: Reliance Energy has posted a 42.52 per cent increase in its net profit for the quarter ended March 31 to Rs147.93 crore, against Rs103.79 crore in the same quarter of the previous year. The earnings per share at the end of the March 2005 quarter stood at Rs7.97 compared with Rs6.64 at the end of March 2004.

During the quarter, the total income increased by 81.38 per cent to Rs1,589.94 crore from Rs876.56 crore in the same quarter last year.

The growth in income can be attributed mainly to a near 370 per cent rise in income from engineering, procurement and construction and other contracts to Rs812.34 crore during this quarter.

Leena Shrivastava, director on the Reliance Energy board, said that the company's proposed 3,740 megawatt gas-based power plant at Dadri, which entailed an investment of Rs11,000 crore, had come up for "slight revision".

Total income increased from Rs3582.70 crore to Rs4592.55 crore, marking a 28.18 per cent growth.

Income from the EPC and contract division was Rs1,234.68 crore in 2004-05. The division had an order book position of about Rs3,500 crore as on March 31, 2005, as against Rs1,200 crore at the end of the previous year, an increase of 192 per cent. Earnings per share for the financial year ended March 31, 2005 was at Rs28.06 as against Rs25.86 at the end of the accounting year 2003-2004.

The Reliance Energy board has approved payment of quarterly dividend of Rs1.40 per share, amounting to a payout of Rs30 crore for the quarter ended March 31, 2005.

Including this, the total dividend for the financial year ended March 31 2005 is Rs4.70 per share, amounting to a payout of Rs99 crore. The face value of Reliance Energy share is Rs10.