Reliance Industrial Infrastructure Q4 profit falls 13%; board recommends dividend
Reliance Industrial Infrastructure Q4 profit falls 13%; board recommends dividend
Reliance Industrial Infrastructure Ltd saw a 13.3% drop in Q4 net profit to ₹3.2 crore, with a consolidated income decline of 8.5% to ₹18.9 crore. The board has recommended a ₹3.50 per share dividend, totalling ₹5.2 crore for FY25, pending shareholder approval at the upcoming AGM.
RIIL profit affected due to lower utilisation of infrastructure assets; total consolidated income drops 8.5% YoY to ₹18.9 crore
Reliance Industries Ltd arm Reliance Industrial Infrastructure Ltd (RIIL) reported a muted performance for the fourth quarter of FY25, with consolidated net profit falling 13.3% year-on-year to ₹3.2 crore due to lower utilisation of infrastructure assets. Total consolidated income dropped 8.5% YoY to ₹18.9 crore.
On the standalone front, RIIL posted a net profit of ₹2.5 crore, down 13% from ₹2.8 crore a year earlier. The company's income stood at ₹18.9 crore, down 8.5% from ₹20.7 crore in the year-ago period.
The company’s board has recommended a dividend of ₹3.50 per equity share, aggregating to ₹5.2 crore for FY25.
"The Board of Directors have recommended, subject to approval of shareholders at the ensuing 37th Annual General Meeting, a dividend of ₹3.50 per fully paid-up equity share of ₹10 each, aggregating to ₹528.5 lakh for the financial year ended March 31, 2025," the company said in an exchange filing.
The company stated it continues to provide infrastructure support services, including the transportation of petroleum products and raw water through pipelines, and other support services mainly to Reliance Industries Limited. It also noted that it currently does not have any expansion plans on the anvil.