Reliance Industrial Infrastructure today reported a 20.22% dip in net profit for the quarter ended March 31, 2011, to Rs 4.34 crore.
The company had registered a net profit of Rs 5.44 crore in the same period last year, Reliance Industrial Infrastructure said in a filing to the BSE.
However, for the year ended March 31, 2011 period, the company's net profit rose to Rs 22.38 crore from Rs 21.97 crore in the same period a year ago, it said.
Income from operations of the company, which is engaged in infrastructure business, also soared to Rs 18.04 crore in the January-March quarter from Rs 10.60 crore in the same period previous year, it added.
Board of directors of the company has proposed a dividend of Rs 3.50 per share for the year subject to approvals of members of the company.
Meanwhile, shares of the company were trading at Rs 671.70, down 1.79% from the previous close on the BSE.
