RIL Q4 Refining Rev (-) 41.6%, Profit Up 23.7% GRM $10.1

June02, 2015 (C) Ravinder Singh progressindia008@yahoo.com

Even as RIL Q4 results 45% Decrease in per tone Exports Price of Refined Products and at this rate also reported $10.1 per barrel Gross Refinery Margin and $0.800m profits, Minister of PETROLEUM SAID there is No Decrease in Refining Cost.

Most Shocking he said – GoI saved the Profits to Make Roads & Highways when Reduced Cost of Fuel would have reduced Cost of All Products & Services etc.

Differential Price Index – 7.6% [CPI –WPI]

When Petroleum Products prices ought to have reduced by 45%, actual reduction was 13.0% on YOY Basis and difference between CPI and WPI was 7.6% thus Consumers, Industry and Services SUFFERED due Clandestine Working of MoP, MoRH and MoF.http://rbidocs.rbi.org.in/rdocs/Wss/PDFs/09T_WSS290515FL3C4CCDC4014540A385DFB75DC6E5E3AB.PDF

9. Major Price Indices
Item	2014		2015		Percentage Variation over
	Mar.	Apr.	Mar.	Apr.	Month	March	Year
	1	2	3	4	5	6	7
1 Consumer Price Index (2012=100)	114.2	115.1	120.2	120.7	0.4	0.4	4.9
1.1 Rural	114.6	115.4	121.1	121.6	0.4	0.4	5.4
1.2 Urban	113.7	114.7	119.1	119.7	0.5	0.5	4.4
2 CPI for Industrial Workers (2001=100)	239.0	242.0	254.0	--	--	--	--
3 Wholesale Price Index (2004-05=100)	180.3	180.8	176.1	176.0	-0.1	-0.1	-2.7
3.1 Primary Articles	239.4	242.4	239.6	241.8	0.9	0.9	-0.2
3.2 Fuel and Power	214.2	211.8	187.3	184.2	-1.7	-1.7	-13.0
3.3 Manufactured Products	154.2	154.6	153.9	153.8	-0.1	-0.1	-0.5

REFINING & MARKETING BUSINESS http://goo.gl/1ObdI6

4Q FY15 revenue from the Refining and Marketing segment decreased by 41.6% Y-o-Y to Rs.56,442 crore ($ 9.0 billion). Refining segment recorded highest ever quarterly EBIT of Rs.4,902 crore, up 23.7% Y-o-Y. This was achieved despite lower crude throughput on account of a planned turnaround during the quarter. GRMs for the quarter were robust at $ 10.1/bbl, supported by lower flat prices resulting in lower fuel costs and firm gasoline, gasoil and naphtha cracks.

RIL’s exports of refined products from India was at $ 5.2 billion during the 4Q FY15 as compared to $ 9.9 billion in 4Q FY14. In terms of volume, exports of refined products were 9.7 MMT during 4Q FY15 as compared to 10.1 MMT in 4Q FY14.

HIGHLIGHTS OF QUARTER’S PERFORMANCE (STANDALONE)

• Revenue (turnover) decreased by 39.7 % to Rs.59,013 crore ($ 9.4 billion)

• Exports decreased by 44.0% to Rs. 37,480 crore ($ 6.0 billion)

• PBDIT increased by 3.8 % to Rs. 10,762 crore ($ 1.7 billion)

• Profit Before Tax increased by 12.8 % to Rs. 8,226 crore ($ 1.3 billion)

• Cash Profit increased by 7.7 % to Rs. 8,658 crore ($ 1.4 billion)

• Net Profit increased by 10.9 % to Rs. 6,243 crore ($ 1.0 billion)

• Gross Refining Margin of $ 8.6/bbl for the year and $ 10.1/bbl for the quarter

• Dividend of 100%, payout of Rs.3,559 crore ($ 569 million)

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS