RIL achieved a turnover for the year ended 31st March 2013 of ` 371,119 crore ($ 68.4 billion), an increase of 9.2% on a year-on-year (Y-o-Y) basis. The Refining business revenues increased by 11.6%, Petrochemicals by 9.3% while Oil & Gas revenues decreased by 35.2% on account of lower production. Higher prices accounted for 11.0% growth in revenue which was partly offset by the decrease in volumes by 1.8%. Exports were higher by 15.0% at ` 239,226 crore ($ 44.1 billion) as against ` 208,042 crore in FY 2011-12
Higher crude oil prices resulted in consumption of raw materials increasing by 11.4% to ` 306,127 crore ($ 56.4 billion) on a Y-o-Y basis.
Employee costs were at ` 3,354 crore ($ 618 million) for the year ended 31st March 2013 as against ` 2,862 crore in the previous year.
Other expenditure increased by 26.6% from ` 18,040 crore to ` 22,844 crore ($ 4.2 billion) primarily due to higher expenses on account of power & fuel, selling & distribution, sales tax, professional fees and repairs.
Operating profit before other income and depreciation decreased by 8.4% from ` 33,619 crore to ` 30,787 crore ($ 5.7 billion) due to reduction in oil & gas and petrochemicals earnings, partially offset by higher operating profit from refining. Net operating margin was lower at 8.5% as compared to 10.2% on a Y-o-Y basis due to lower production of oil & gas and weaker margins in petrochemicals business.
Other income was higher at ` 7,998 crore ($ 1.5 billion) as against ` 6,192 crore primarily due to an increase in cash flows from operations that were deployed in bank deposits, mutual funds and Government securities / bonds.
Click here to view full results.
Reliance Industries LImited
Apparel/Garments | On 25th Jun 2017
Adobe has released its first Digital Price Index for apparels,...
Textiles | On 25th Jun 2017
First Insight, a technology company transforming how retailers make...
Shingora Textiles Ltd
‘In terms of fabric, the fastest growing category for us is a blend of...
We are ready to adopt or follow every opportunity
Marazban F Velati
Sutlej Textiles & Industries limited
No training can be effective till the candidate believes in it.
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
Coating at a fibre level is a practice not usually seen in the...
About one in every 20 patients picks up an infection while hospitalised....
Textiles | On 24th Jun 2017