Mumbai, April 14: Reliance Energy?s (REL) fourth-quarter profit jumped 43 per cent to Rs 147.93 crore from Rs 103.79 crore same time last year while earnings for 2004-05 went up 39 per cent to Rs 520.29 crore from Rs 374.12 crore in 2003-04.

Behind the bottomline bounty was the contribution of its engineering and procurement division, which racked up orders worth Rs 812.34 crore in the last quarter compared with Rs 173.13 crore in the year-ago period. Full-year figures were Rs 1234.68 crore against Rs 578.55 crore.

Other income more than doubled to Rs 122.91 crore in the quarter ended March compared with Rs 52.94 crore. The tally for 2004-05 was Rs 461.88 crore (Rs 183.19 crore).

Net sales of energy during the quarter rose marginally to Rs 654.69 crore from Rs 650.49 crore.

Total income was Rs 1589.94 crore, up from Rs 876.56 crore in the same period last year. Income in the last fiscal rose to Rs 4,592.55 crore compared with Rs 3,582.70 crore in 2003-04.

The board, which met today to take stock of the numbers, declared a quarterly dividend of 14 per cent, taking the total payout for the last financial year to 47 per cent.

Dadri schedule

REL director Leena Srivastava said the company has decided to ?slightly revise? the schedule for its gas-based project at Dadri in Uttar Pradesh.

The company said the net profit of Rs 520 crore for the year was arrived at after taking into consideration higher expenses worth Rs 180 crore. These included Rs 70 crore towards diminution in the value of investments and Rs 48 crore in increased liability for standby charges paid to Tata Power Company at Rs 7.5 crore per month against the earlier Rs 3.5 crore per month.

The books also show an increase of Rs 28 crore in staff costs, arising out of a wage-revision agreement signed last year, and Rs 34 crore set aside to cover consumer dues that cannot be recovered.