India’s number 1 company Reliance Industries Limited has informed the share market (BSE/NSE) that the company has achieved a rise in net profit of Rs 5376 crores in the Q4 FY11 of the current fiscal (FY11), ended in Mar 2011. The company had recorded a net profit of Rs 4710 crores in the corresponding quarter Q4 FY10 of the last fiscal (FY10), ended in Mar 2010. This is an increase of 14.14%.
The company informed the market(BSE) that the net sales increased by 26.47% to Rs 73591 crores in Q4 FY11 when compared with the same quarter Q4 FY10 of previous year. Net sales was Rs 58185 crores in last year’s same quarter.
The company board has recommended a dividend of Rs 8 per fully paid-up equity share of Rs 10 each.
Nnet sales for the year ended 31st Mar 2011 is Rs 258651 crore, an increase of 29% over the previous year. Increase in volume accounted for 11% growth in revenue and higher prices accounted for 18% growth in revenue.
Net profit is 25% higher for the year FY10-11 at Rs 20286 crore as against Rs 16236 crore for the previous year FY09-10.
Share’s Data :-
BSE Code : 500325
Market Cap : Rs 340,375.64 Crores
Reliance Industries share’s CMP is Rs 1,039.95 on 21st April 2011.
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