Board recommends dividend for shareholders
Reliance Industries, a Mukesh Ambani -led Reliance Industries company, released financial results on Thursday. The company said in the exchange filing that their net profit increased by 1.8 per cent to Rs 316.11 crore in the fourth quarter of FY 2024-25. Let us tell you that in the fourth quarter of FY 2023-24, the company recorded a net profit of Rs 310.63 crore. However, there has been a tremendous increase in the company’s revenue.
24 percent rise in revenue of geo financial service
The Geo Financial Service reported that the company’s revenue rose 24 percent to Rs 518 crore in the March quarter of FY 2024-25, which was Rs 418 crore in the same quarter of the previous financial year. Talking about the entire financial year, the net profit of Jio Financial Service in 2024-25 stood at Rs 1612.59 crore with a slight increase, which was Rs 1604.55 crore in FY 2023-24. The board of directors of the company have also recommended dividends for shareholders.
Company board recommends dividend for shareholders
Reliance Industries subsidiary company said that their board of directors have recommended a dividend of Rs 0.50 on each equity share with a face value of Rs 10 for the financial year ended on March 31, 2025. Let us tell you that on Thursday, the company’s shares closed at Rs 246.45 with a gain of 1.73% (Rs 4.20) on BSE. The shares of the Geo Financial Service are still far below their 52 weeks high. The company’s shares have 52 weeks high 394.70 and 52 weeks are Rs 198.60.
31.89 percent drop has fallen in the last 1 year
According to BSE data, the current market cap of Geo Financial Service is Rs 1,56,573.18 crore. Recovery has been seen in the company’s shares for the last 1 month. In the last 1 month, the company’s stock has climbed 12.28 percent. But in the last 1 year, the shares of Geo Financial have fallen by 31.89 percent.
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