RIL Recommends Dividend Of Rs 5.5 Per Share For FY25

Reliance Industries Ltd. on Friday proposed a dividend of Rs 5.5 per share at a face value of Rs 10 each for the financial year ended March 31, 2025, according to an exchange filing.

The company, in due course, will announce the date for its annual general meeting for fiscal 2025 and the date from which the dividend, if approved by shareholders, will be distributed.

The oil-to-telecom conglomerate's consolidated net profit rose 5% to Rs 19,407 crore for the quarter ended March 31, 2025, from Rs 18,540 crore on a sequential basis.

The company's revenue grew 5% to Rs 2.61 lakh crore for the January- March period as compared to Rs 2.4 lakh crore for the previous quarter.

Ahead of its quarterly results, shares of RIL closed 0.09% lower at Rs 1,300.40 apiece on the NSE, compared to a 0.86% fall in the benchmark Nifty 50. The stock has fallen by 10.93% in the last 12 months but risen 6.99% on a year-to-date basis.

Out of the 38 analysts tracking the company, 35 have 'buy' rating on the stock and three recommend 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential upside of 17.8%.