Reliance Industrial Infrastructure Board Recommends Dividend Of Rs 3.5
The board of Reliance Industrial Infrastructure Ltd. has recommended a dividend of Rs 3.50 per equity share of Rs 10 for the financial year that ended on March 31, 2025.
In a board meeting that took place on April 16, the audited financial statements, both consolidated and standalone, for the financial year 2025 were approved along with the dividend announcement.
According to the exchange filing, the company is set to inform stakeholders in due course of time of the dates on which the company will hold its annual general meeting for the financial year 2025. It will also announce the date from which the dividend, if approved by the shareholders, will be paid.
RIIL had reported over a 25% dip in its net profit for the third quarter. The net profit stood at Rs 3.96 crore. The third quarter revenue was almost unchanged at Rs 24.95 crore.
The shares of the company closed 1.89% higher, according to BSE. The scrip closed at Rs 839.4 apiece against a 0.47% advance in the benchmark index Nifty 50. It had declined 33.12% in the last 12 months.
RIIL provides infrastructure support services like transportation of petroleum products and water through pipelines, construction machinery on hire and other support services to Reliance Industries Group. A substantial portion of its business is provided by Reliance Industries Ltd.
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