Reliance Industries, India's largest company by market capitalisation, has reported a little over 14% rise in its net profit for the quarter ended March 31, 2011. For the financial year 2011, the company's net profit has increased by nearly 25%.
According to stock exchange filings, the company's standalone net profit for the fourth quarter of FY11 was pegged at Rs 5,376 crore, as against Rs 4,710 crore for the corresponding quarter of the previous fiscal. The net sales of the company increased by 26.24% at Rs 72,674 crore during the three month period between January and March, 2011.
For the complete FY11, the company registered an increase of nearly 25% in its bottomline at Rs 20,286 crore, as against Rs 16,236 crore for the previous fiscal. The topline in FY11 registered a rise of nearly 29% at Rs 2.48 lakh crore.
Meanwhile, the board of the company have recommended a dividend of Rs 8 per fully paid-up equity share of Rs 10 each. Shares of RIL gained 1.30% or Rs 13.35 on the National Stock Exchange (NSE) to end the day at Rs 1,039.25.
Top Section
Explore Business Standard