Mukesh Ambani’s company Reliance Industries Limited has made a big profit. Reliance’s net profit grew 22 per cent to Rs 16,203 crore for the quarter ended March 31. The profit was Rs 13,227 crore in the corresponding period of last year.
Along with this, the company’s board has also recommended dividend distribution. The board of the company has recommended a dividend of ₹8 per equity share for the financial year ended March 31. Dividend payment is subject to the approval of the members of the company at the upcoming Annual General Meeting of the company.
Reliance said, “We will inform you in due course that the company will hold its Annual General Meeting for the financial year ended March 31, 2022, and from the date on which the dividend shall be paid or warranted, if approved by the shareholders. has been sent.”
At the same time, Reliance Jio’s net profit increased by about 24 percent to Rs 4,173 crore in the fourth quarter ended March 2022. Net profit stood at Rs 3,360 crore in the same quarter a year ago.
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Share Price: On Friday, the last trading day of the week, the share price of Reliance Industries was at a level of Rs 2621.15, it is 0.74 percent lower than the day before. Talking about the market capital, it is Rs 17.73 lakh crore.