Mukesh Ambani-led Reliance Industries Limited (RIL) Reports Rs 401,302 crore Turnover For the FY 2013-14

India's richest man makes a mind-boggling Rs 11,000 crore every day

The figures speak for themselves with Mukesh Ambani-led Reliance Industries Limited (RIL) reporting a whopping Rs 401,302 crore turnover for the financial year 2013-14 on Friday compared to Rs 371,119 crore in FY13. 

RIL also posted its highest quarterly profit in more than two years as robust petrochemical margins and a surge in export earnings on a drop in rupee value offset weakness in the natural gas business. 

Net profit rose 0.8 per cent to Rs 5,631 crore, or Rs 17.4 per share, in the January- March period from Rs 5,589 crore, or Rs 17.3 a share, in the same period a year ago. 

For the full financial year, RIL reported a record net profit of Rs 21,984 crore, the highest by any private sector firm in the country. Net profit was 4.7% higher than Rs 21,003 crore in 2012-13. 

Earnings from oil refining climbed 12.3 % while those from the petrochemical segment were up 10.6 % offsetting a 17.8-% dip in the oil and gas business, the company said in a statement. 

RIL, which operates the world's biggest refining complex at Jamnagar in Gujarat, earned $9.3 on turning every barrel of crude oil into fuel in the quarter compared with a gross refining margin of $10.1 a barrel a year earlier and $7.60 a barrel in the preceding three months. 

Earnings got a boost as the rupee declined to 61.8 against the dollar in Q4 from 54.2 a year earlier. 

Sales rose 13 % to Rs 97,807 crore in Q4.