Reliance Energy Q4 net rises 42.52%

Reliance Energy has posted a 42.52% increase in net profit to Rs 147.93 crore for the quarter ended March 31, 2005 as against Rs 103.79 crore in the same period last fiscal. Total income has increased 81% from Rs 876.56 crore in Q4-04 to Rs 1589.94 crore for the quarter ended March 31, 2005.

According to a release issued by Reliance Energy to the BSE, the company has reported a 39% jump in net profit to Rs 520.29 crore for the year ended March 31, 2005 as compared to Rs 374.12 crore for the year ended March 31, 2004. Total income has moved up 28% from Rs 3582.70 crore in FY-04 to Rs 4592.55 crore for the year ended March 31, 2005.

The board, with subject to shareholders consent, has recommended a final dividend Rs 1.40 per share (14%) of Rs 10 each making total dividend of Rs 4.70 per equity shares for the year ended March 31, 2005, the release said.

The release further added that the register of members & share transfer books of the Company will remain closed from June 01, 2005 to June 08, 2005 (both days inclusive) for payment of final dividend.