RIIL Q4 net profit dips 15%

Mukesh Ambani Group firm Reliance Industrial Infrastructure on Wednesday said its net profit declined by 15.78 per cent at Rs 5.44 crore for the fourth quarter ended March 31, over the same period last year.

Income from operations declined to Rs 10.60 crore (Rs 106 million) for the quarter ended March 31, from Rs 18.28 crore (Rs 183 million) in the same quarter previous fiscal, Reliance Industrial Infrastructure Ltd said in a filing to the Bombay Stock Exchange.

The board of directors have proposed a dividend of Rs 3.50 per share on the face value of Rs 10 per share to the shareholders.