MEDIA RELEASE
Q4FY15 TOTAL INCOME OF Rs.5,028 CRORE (US$ 804 MILLION)
Q4FY15 NET PROFIT OF Rs.584 CRORE (US$ 93 MILLION) – AN INCREASE OF 19%
(PRIOR TO MUMBAI METRO LOSS OF Rs.70 CRORE AND CEMENT LOSS OF Rs.55 CRORE IN Q4FY15 AND EXCLUDING ONE OFF GAIN IN MUMBAI GENERATION OF Rs.130 CRORE IN Q4FY14)
Q4FY15 NET PROFIT OF Rs.459 CRORE (US$ 73 MILLION)
(AFTER MUMBAI METRO LOSS OF Rs.70 CRORE AND CEMENT LOSS OF Rs.55 CRORE IN Q4FY15)
CONSOLIDATED NET WORTH OF Rs.26,974 CRORE (US$ 4.3 BILLION) AND BOOK VALUE OF Rs.1,026 (US$ 16) PER SHARE AT THE END OF FY15
PROPOSED DIVIDEND OF Rs.8 PER SHARE
KEY HIGHLIGHTS FOR THE YEAR
OVER 2.9 LAKH NEW CONSUMERS ADDED IN MUMBAI AND DELHI DISCOM IN FY15 RECOVERED Rs.884 CRORE ARREARS IN MUMBAI DISTRIBUTION IN FY15
REVENUE FROM INFRASTRUCTURE BUSINESS INCREASED BY 24%
INITIAL FARES IMPLEMENTED IN MUMBAI METRO – FARE FIXATION COMMITTEE APPOINTED OVER 85 MILLION COMMUTERS TRAVELLED IN MUMBAI METRO IN FY15
EARNED REVENUE OF Rs.519 CRORE FROM CEMENT BUSINESS IN FY15
RELIANCE CEMENT WON SIAL GHOGRI COAL MINE IN RECENT COAL BLOCK AUCTION WITH EXTRACTABLE RESERVES OF 5.7 MILLION TONNES
RINFRA FORAYS INTO DEFENCE MANUFACTURING SECTOR
Mumbai, May 27, 2015: Reliance Infrastructure Limited (RInfra) today announced its audited financial results for the year ended March 31, 2015. The performance highlights are:
Consolidated results – Quarter ended March 31, 2015
- Q4FY15 Total Income of 5,028 crore (US$ 804 million), against Rs.5,036 crore in Q4FY14
- Q4FY15 Net Profit of 459 crore (US$ 73 million) against Rs.621 crore in Q4FY14
Consolidated results – Year ended March 31, 2015
- FY15 Total Income of 18,852 crore (US$ 3.0 billion), against Rs.20,274 crore in FY14
- FY15 EBITDA of 4,564 crore (US$ 730 million) against Rs.4,071 crore, an increase of 12%
- FY15 Net Profit of 2,106 crore (US$ 337 million) against Rs.1,914 crore in FY14, an increase of 18%, prior to Mumbai Metro and Cement loss of Rs.191 crore and Rs.115 crore respectively in FY15 and excluding one off gain in Mumbai generation of Rs.130 crore in FY14
- FY15 Net Profit of 1,800 crore (US$ 288 million) against Rs.1,914 crore in FY14, inspite of Mumbai Metro and Cement incurring a loss of Rs.191 crore and Rs.115 crore respectively in FY15
As on March 31, 2015, the consolidated Networth of the Company stood at Rs.26,974 crore and is conservatively financed with debt to equity of 0.9x
POWER BUSINESS
Distribution Business : Largest private sector distributor of power serving 64.9 lakh consumers Mumbai Distribution :
- Recovered 884 crore arrears in FY15
- Recovered 226 crore Cross Subsidy Surcharge in FY15
- 66,300 new consumers added in FY15; Total consumers : 4 lakh Delhi Distribution :
- 222,800 new consumers added in FY15; Total consumers : 5 lakh
Transmission :
- WRSS project in Maharashtra fully commissioned
- Parbati Koldam transmission project in Himachal Pradesh commissioned
- All projects to be revenue operational shortly
Generation : Generated 4,100 million units in FY15 mainly from Dahanu Thermal Power Station
EPC BUSINESS : Revenue of Rs.2,752 crore & Order Book of Rs.5,048 crore as on March 31, 2015
INFRASTRUCTURE BUSINESS
Roads :
- Earned revenue of 606 crore in FY15
- 10 out of 11 road projects are revenue generating – 11throad project to be operational in Q1FY16
Mumbai Metro :
- Earned revenue of 136 crore in FY15
- After charging promotional fare, initial fares implemented e.f January 09, 2015 – Currently Fare Fixation Committee is in the process of revising the fare
- Over 85 million commuters travelled within 11 months of operations
- 110,000 trips completed with service efficiency of over 99%
CEMENT BUSINESS
- Earned revenue of 519 crore in FY15
- In FY15, won Sial Ghogri coal mine with extractable reserves of 7 million tonnes
- Ramping up production from 8 mtpa operational capacity at Maihar in Madhya Pradesh, Kundangunj in Uttar Pradesh, Butibori in Maharashtra and Durgapur in West Bengal
- Catering to key markets in Madhya Pradesh, Uttar Pradesh, Jharkhand, Bihar, West Bengal and Vidarbha region
DEFENCE MANUFACTURING BUSINESS
- RInfra forays into defence manufacturing to pursue growth opportunities in the defence sector
- RInfra subsidiary Reliance Defence Systems Pvt Ltd to acquire Pipavav Defence and Offshore Engineering Company Ltd via acquisition of 18% promoters stake accompanied by open offer for 26% of share capital
Reliance Infrastructure Limited
Reliance Infrastructure Ltd (RInfra) is amongst the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors within the infrastructure space i.e. Roads, Metro Rail and Cement.
RInfra is also the leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution and Power Trading.
RInfra through its SPVs has executed a portfolio of infrastructure projects such as a metro rail project in Mumbai on build, own, operate and transfer (BOOT) basis; eleven road projects with total length of 1,000 kms on build, operate and transfer (BOT) basis and has built a cement plant of capacity of five million tonnes in Madhya Pradesh, with the second plant of 5 million tones capacity presently under development in Maharashtra
RInfra along with its wholly owned subsidiary company generates over 940 MW of power through its five power stations and distributes power to over 64 lakh consumers in Mumbai and Delhi. RInfra subsidiary companies have commissioned three transmission projects by installing ten national grid lines, being the first set of lines commissioned in India by the private sector.
RInfra also provides Engineering, Procurement and Construction (EPC) services for developing power and road projects.
