RIIL's net profit declines by 8.56 percent

Reliance Group-owned Reliance Industrial Infrastructure Ltd (RIIL) on Thursday said its stand-alone net profit during 2014-15 declined by 8.56 percent at Rs.2,207.19 lakh against a net profit of Rs.2,413.98 lakh during the 2013-14 fiscal.

Total stand-alone revenue for the period under review rose by 8.69 percent at Rs.9,994.12 lakh against Rs.9,194.75 lakh during the previous year, the company said.

Stand-alone revenues from operations were higher by 6.2 percent during 2014-15 at Rs.9,009.33 lakh against Rs.8,483.2 lakh during 2013-14.

The company also reported a 7.41 percent rise in its stand-alone net profit at Rs.571.84 lakh during the fourth quarter of 2014-15 against net profit of Rs.532.37 lakh during the previous quarter.

In a filing with the Bombay Stock Exchange, the company said its board has recommended a dividend of Rs.3.50 per fully paid-up equity share of Rs.10 each, aggregating to Rs.639 lakh payout including the dividend distribution tax.