RIIL Announces Q4FY14 Result

Reliance Industrial Infrastructure (RIIL), engaged in the business of setting up/operating industrial infrastructure has come up with its Q4 result for the fiscal year 2014. The result was announced post market hours on April 16, 2014. The number shows that topline of the company has plunged but the bottomline and the margins during this quarter have surged as compared to the same quarter of previous year.

During the Q4FY14 the topline of the company has plunged by around 2% to Rs 22.81 crore as compared to the same quarter of the previous year. While on quarterly basis the company has managed to increase its topline by more than 9% as compared to Q3FY14. 

The EBITDA of the company stood at Rs 11.64 crore during Q4FY14 as compared to Rs 8.58 crore during Q4FY13, marking a jump of around 36% on YoY basis. The EBITDA of the company improved mainly due to reduction in total expense. The total expense of the company during Q4FY14 was Rs 14 crore as against Rs 16.95 crore, marking a steep fall of 17% on YoY basis. The total expense of the company has reduced due to fall in operating expense (down by 28.75% YoY) and other expenses (down by 30.68% YoY) during the Q4FY14 as compared to the same quarter of the previous year.

As far as margin is concerned, the operating margin during the quarter has increased by 1424 basis points. The margin of the company during this quarter improved mainly due to steel fall in total expenses as proportionate to fall in sales. The sales of the company have plunged by mere 2% YoY, whereas the total expenses have reduced by 17% YoY during the Q4FY14.

The company has posted profit after tax (PAT) during Q4FY14 as Rs 6.7 crore against Rs 5.67 crore during Q4FY13, marking a jump of more than 18% on YoY basis. Whereas, the PAT margin during this quarter has increased by 505 basis points on yearly basis. The PAT margin was lower than the operating margin mainly due to reduction in income from the other sources and increase in tax during this quarter as compared to the same quarter of previous year. During this quarter the other income has reduced by more than 22% YoY to Rs 1.65 crore, whereas the tax of the company during this quarter has surged by more than 107% YoY to Rs 2.05 crore as compared to the same quarter of previous year.

Apart of financial announcement, today the company has also declared an annual dividend of Rs 3.5 per share which will account total Rs 6.18 crore for the company including the dividend distribution tax. The shares of the company are trading at 26.36x of its trailing twelve months earnings. Yesterday the shares of the company on BSE opened at Rs 429.95 and closed at Rs 421.55, down by 1.95% on intraday trading.