On April 16, the board of Reliance Industrial Infrastructure Ltd. (RIIL) convened to finalize the audited financial statements for the fiscal year ending March 31, 2025. During this meeting, they not only approved both consolidated and standalone financials but also proposed a dividend of ₹3.50 per equity share, based on a ₹10 face value. This announcement comes as part of RIIL’s ongoing efforts to keep stakeholders informed and engaged.
Dividend Announcement and Upcoming Meetings
Following the board’s decision, stakeholders can expect further communication regarding the annual general meeting (AGM) for the financial year 2025. The company will also share details about the timeline for dividend payments, contingent upon shareholder approval.
- Dividend Per Share: ₹3.50
- Face Value: ₹10
- Financial Year End: March 31, 2025
Financial Performance Highlights
Despite the positive news regarding dividends, RIIL faced challenges in its financial performance. For the third quarter, the company reported a net profit of ₹3.96 crore, which is a significant 25% decrease compared to the previous year. Interestingly, their revenue remained stable at ₹24.95 crore, indicating a resilience in operations despite the dip in profits.
Market Response
In the stock market, RIIL shares experienced a 1.89% increase, closing at ₹839.40 each, while the benchmark Nifty 50 index saw a modest gain of 0.47%. However, it’s worth noting that RIIL shares have suffered a decline of 33.12% over the past year, raising concerns among investors regarding its long-term performance.
Business Operations Overview
RIIL specializes in providing essential infrastructure support services, including:
- Transportation of petroleum products
- Water transportation through pipelines
- Construction machinery rentals
- Additional support services for the Reliance Industries Group
A significant portion of RIIL’s business activities is directly tied to Reliance Industries Ltd., highlighting the importance of this partnership in its overall strategy.
In conclusion, while the proposed dividend reflects RIIL’s commitment to its shareholders, the recent dip in profits signals the need for strategic adjustments moving forward. Stakeholders will be keenly awaiting further updates on the AGM and dividend payment timelines, as the company navigates its current financial landscape.
