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Reliance Industries reports 32% jump in Q4 net profit

16 Apr 2013 Evaluate

Reliance Industries has reported results for fourth quarter and year ended March 31, 2013.

The company has posted a rise of 31.94% in its net profit at Rs 5,589 crore for the quarter ended March 31, 2013 as compared to Rs 4,236 crore for the same quarter in the previous year. However, total income of the company has decreased marginally by 1.18% at Rs 86,441 crore for quarter under review as compared to Rs 87,477 crore for the quarter ended March 31, 2012.

For the full year ended March 31, 2013, the company has posted a rise of 4.81% in its net profit at Rs 21,003 crore as compared to Rs 20,040 crore for the same period in the previous year. Total income has increased by 9.58% at Rs 368,295 crore for year under review as compared to Rs 336,096 crore for the period ended March 31, 2012.

For the full year ended March 31, 2013, on consolidated basis, the company has posted a rise of 5.86% in its net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 20,879 crore as compared to Rs 19,724 crore for the same period in the previous year. Total income increased by 11.03% at Rs 4,04,862 crore for year under review as compared to Rs 3,64,625 crore for the period ended March 31, 2012.

The scheme of amalgamation of Reliance Jamnagar Infrastructure (RJIL), with the company from the appointed date of April 01, 2011, has been sanctioned by the High Court of Gujarat at Ahmedabad. The Scheme became effective on October 22, 2012. On account of above, the current year’s quarter and annual figures are strictly not comparable with the corresponding figure of the previous year.

Reliance Industries has recommended a dividend of Rs 9.00 per fully paid-up equity share of Rs 10 each. The dividend on equity shares, if declared by the Members at the 39th Annual General Meeting of the company, scheduled to be held on June 06, 2013, will be credited / dispatched to the members between June 07, 2013 and June 13, 2013.

Reliance Industries Share Price

1343.10 -19.80 (-1.45%)
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Company Name CMP
Reliance Industries 1343.10
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