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Wednesday, October 7, 2009

RIL net profit at Rs 15,296 cr for FY'09

Ambani group firm Reliance Industries today reported a consolidated net profit of Rs 15,296 crore for the year ended March 31,
2009.

The company had registered a net profit of Rs 15,324 crore (from ordinary activities) in the FY'08, the company stated in a filing to the Bombay Stock Exchange.

The announcement of audited financial results for 2008-09 came late as the merger of Reliance Petroleum with RIL was awaiting regulatory and court approvals.

The figures include those of Reliance Petroleum Ltd (RPL), which amalgamated with the company with effect from April 1, 2008 and are therefore, not comparable with those of previous year, the company said in the filing.

The net turnover of the company stood at Rs 1,51,224 crore for the year ended March 31, 2009, whereas it was Rs 1,37,147 crore a year-ago.

RIL has also proposed a dividend of Rs 13 per fully paid-up equity shares of Rs 10 each aggregating to Rs 2,219 crore, including the dividend distribution tax, the filing added.

The board has considered dividend on the shares issued to the shareholders erstwhile RPL as well.

The RIL board also approved a bonus issue of one share for each share held in the company, subject to the approval of the shareholders.

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