One of them who probably thinks himself to be a "Shakespeare of RIL", said, "Definitely, the GRM is better. Nobody was expecting GRM to cross USD 7 per barrel. This quarter we have seen the crude prices going up. They had USD 6.8 per barrel GRM in Q3. So, definitely this includes some inventory gain also".
Uffffffffff..............How much does the price of a share depend on the EPS??!! Moreover, many companies generally declare good or bad results depending on market conditions---so why waste time in these figures too much....!! Hey man!! You will understand if you read between the lines....and if after more than two decades in the market, you do not understand such simple things, then it is better to open a "Pan/Cigarette shop or buy an auto rickshaw for living"---that will be better. I am thinking of opening a blog, to "Analyze the Analysis of some so-called analysts". Really India has some Bizarre Finance Ministers/RBI teams and equally Stupid-analysts"!!
The oil major had a net profit of Rs 5,376 crore in the same period last fiscal, RIL said in a filing to the Bombay Stock Exchange (BSE).
Total income of the company rose by 18.87% to Rs 87,477 crore for the quarter under review from Rs 73,591 crore in the same period last fiscal.
However, other income of the company zoomed 150% to Rs 2,295 crore as compared to Rs 917 crore during the quarter under review.
The company baord recommended a dividend of Rs 8.50 per fully paid-up equity share of Rs 10 each.
For the year ended March 31, 2012, the company's consolidated net profit rose over 2% to Rs 19,724 crore from Rs 19,294 crore in the 12-month period last fiscal.
Consolidated total Income of the company increased to Rs 3,64,625 crore from Rs 2,68,414 crore.
Earnings per share (EPS) of the company stood at Rs 61.2 as against previous year's Rs 62.
Commenting on the results, Mukesh Ambani, chairman and managing director of the company said: "Our businesses have delivered industry leading performances. This is reflaction of the quality of our assets and growing demand for our products and services in India and internationally. We have created a strong foundation for future growth and are investing in our core upstream and petrochemical businesses in India. Response to our organised retail business has been very encouraging and we continue to expand our footprint by building more stores across verticals, formats and geographies. We remain committed towords providing world class, high speed wireless data services through the launch of our broadband access business."
The company had a cash and cash equivalents to Rs 70,252 crore, which are primarily invested in fixed deposits, certificate of deposits with banks, mutual funds and government securities.
The company's raw materials consumption also increased 42.2% to Rs 2,74,814 lakh crore due to higher crude oil prices, the company said.
Outstanding debt of the company as on March 31, 2012 increased to Rs 68,259 crore as compared to Rs 67,397 crore recorded in last fiscal.
The company board approved the buyback of up to 120 million fully paid-up equity shares of Rs 10 each, at a price not exceeding Rs 870 payable in cash, up to an aggregate amount not exceeding Rs 10,440 crore the open market through stock exchanges.
Shares of the company closed at Rs 731, down 1.39% from previous close on the BSE.