RIIL's Net Profit Declines by 8.56 Per cent

Mumbai, April 16 (IANS) Reliance Group-owned Reliance Industrial Infrastructure Ltd (RIIL) on Thursday said its stand-alone net profit during 2014-15 declined by 8.56 percent at Rs.2,207.19 lakh against a net profit of Rs.2,413.98 lakh during the 2013-14 fiscal.

Total stand-alone revenue for the period under review rose by 8.69 percent at Rs.9,994.12 lakh against Rs.9,194.75 lakh during the previous year, the company said.

RIIL's Net Profit Declines by 8.56 Per cent
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Stand-alone revenues from operations were higher by 6.2 percent during 2014-15 at Rs.9,009.33 lakh against Rs.8,483.2 lakh during 2013-14.

The company also reported a 7.41 percent rise in its stand-alone net profit at Rs.571.84 lakh during the fourth quarter of 2014-15 against net profit of Rs.532.37 lakh during the previous quarter.

In a filing with the Bombay Stock Exchange, the company said its board has recommended a dividend of Rs.3.50 per fully paid-up equity share of Rs.10 each, aggregating to Rs.639 lakh payout including the dividend distribution tax.

Story first published: Thursday, April 16, 2015, 14:12 [IST]
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