RIL Announces Net Profit Of Rs 9,435 Crore For Q4 2018

Written By: Archana L
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Reliance Industries Limited (RIL) announced results for the fourth quarter of 2018 and fiscal 2018. The company reported Revenue From Operations of Rs 120,143 crore for the fourth quarter of 2018 as against Rs 92,889 crore during the fourth quarter of 2017.

RIL Announces Net Profit Of Rs 9,435 Crore For Q4 2018

For fiscal 2018, it reported Revenue From Operations to the tune of Rs 408,265 crore as against Rs 330,180 crore during fiscal 2017.

The Net Profit for the fourth quarter of 2018 is Rs 9,435 crore as against Rs 8,046 crore during the fourth quarter of 2017.

For fiscal 2018, the company garnered Net Profit of Rs 36,075 crores compared against Rs 29,901 crore during fiscal 2017.

The company's Profit Before Tax stood at Rs 13,246 crores for the fourth quarter of 2018 as compared against Rs 10,254 crore for the fourth quarter of 2017.

For fiscal 2018, the company registered Profit Before Tax of Rs 49,426 crore as against Rs 40,034 crore during fiscal 2017.

The Earnings per Equity Share (diluted) stands at Rs 15.92 during the fourth quarter of 2018, as compared against Rs 13.60 during the fourth quarter of 2017.

Earnings per Equity Share (diluted) for fiscal 2018 is Rs 60.89 up from Rs 50.57 during fiscal 2017.

Pursuant to the sale agreement signed by Reliance Exploration & Production DMCC (REPDMCC), wholly owned subsidiary of the Company, for the sale of the entire 76% interest held by it in Gulf Africa Petroleum Corporation, requisite regulatory approvals, consents have been obtained and transaction successfully concluded. This has resulted in an exceptional income of Rs 1,087 crore in the current year.

The Board of Reliance Industries Limited has recommended a dividend of Rs 61 per equity share of Rs 10 each, on the enhanced share capital on account of bonus issue in the ratio of 1:1 last year, for the financial year ended March 31, 2018.

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