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Reliance Industrial Infra corrects after Q4 results

Business Finance

Capital Market 

On a consolidated basis, Reliance Industrial Infrastructure (RIIL) reported a 19.6% jump in net profit to Rs 2.69 crore in Q4 March 2020 as against Rs 2.25 crore posted in Q4 March 2019.

The result was announced yesterday after market hours on Wednesday, 22 March 2020.

RIIL's consolidated net sales declined 6.9% to Rs 19.47 crore in Q4 March 2020 as against Rs 20.92 crore registered in the same period last year.

Shares of RIIL were down 1.88% at Rs 284.90. The scrip witnessed profit booking after rallying 14.88% in yesterday's trading session. The stock surged 67.78% in the past 30 sessions.

The board of directors of RIIL has recommended a dividend of Rs 3 per share for the year ended 31 March 2020.

Reliance Industrial Infrastructure is mainly engaged in the business of setting up/operating industrial infrastructure. Its main activities are providing services of transportation of petroleum products and raw water through its pipelines, construction machinery on hire and other infrastructure support services.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, April 23 2020. 09:22 IST