Reliance Energy FY'06 net up 25 pc to Rs 650 crore

Mumbai, Apr 19 (UNI) Reliance Energy Limited (REL) has posted a net profit of Rs 650 crore (USD 146 million) for the financial year ended 31st March this year, against Rs 520 crore in the corresponding previous period, an increase of 25 per cent.

Announcing its audited financial results today, the company's release said for the financial year ended 31st March this year, it has posted a total income of Rs 4,608 crore (US$ 1.03 billion) against Rs 4,593 crore in the corresponding previous period.

During the year under review, Reliance Energy's Cash Profit stood at Rs 999 crore (USD 224 million) against Rs 866 crore in the corresponding previous period, an increase of 15 per cent. Cash Earnings Per Share (Cash EPS) of Rs 49.5 (USD 1.1) for the financial year ended March 31, this year, up 6 per cent.

Meanwhile, the company's networth stood at Rs 7,873 crore, while its EPC orderbook position at Rs 3,300 crore.

It has posted a profit after tax of Rs 169.47 crore for the quarter ended March 31, (Q4 FY 05-06) as compared to Rs 147.93 crore for the quarter ended March 31, (Q4 FY 04-05). Its total income has decreased from Rs 1,589.94 crore in Q4 FY 04-05 to Rs 1,224.45 crore million for Q4 FY 05-06.

The board of directors has recommended, in addition to a quarterly interim dividend of Rs 1.20 per equity share of Rs 10 each, a final dividend of Rs 3.80 per equity share of Rs 10 each making total dividend of Rs 5.00 per equity share for the year ended March 31, this year, subject to approval by shareholders at their ensuing 77th annual general meeting.

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