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Reliance Industries Q4 profit rises 17.26% to Rs 9,435, Jio profit at Rs 510 crore

The RIL board has recommended a dividend of Rs 6 per share for Reliance shareholders.

business Updated: Apr 27, 2018 19:06 IST
Press Trust of India
Press Trust of India
Press Trust of India
Reliance Industries,Reliance,RIL Q4 results
A man walks past an advertisement of Reliance Industries Limited at a construction site in Mumbai.(Reuters File Photo)

Mukesh Ambani-led conglomerate Reliance Industries on Friday reported a 17.3% jump in its fourth quarter net profit on the back of robust petrochemical margins and upstart telecom arm Jio’s maiden profits.

Its net profit of Rs 9,435 crore, or Rs 15.9 per share, in January-March was 17.3% higher than Rs 8,046 crore, or Rs 13.6 a share, posted in the same period a year ago.

On a sequential basis, the company’s net profit rise was only 0.1%, RIL said in a statement.

The company, however, reported a record net profit of Rs 36,075 crore for the 2017-18 fiscal, up 20.6%.

The firm’s telecom arm, Jio, reported a net profit of Rs 510 crore (on a quarterly basis) in the fourth quarter on a revenue of Rs 7,128 crore.

The company’s board has recommended a dividend of Rs 6 per share for Reliance shareholders.

Reliance Industries limited has businesses spread over segments such as petrochemicals, refining, mining, retail, oil and gas, and telecom.

RIL shares ended 1.99% higher at Rs 1000.15 on the BSE on positive earnings expectations on Friday.

First Published: Apr 27, 2018 19:03 IST