RIL net jumps 24% for Q4

Thebullishtrends: Reliance Industries has announced its financial results after the trading hours. Reliance Industries reported a 24 per cent jump in net profit for the fourth quarter ended March 31, 2008. RIL's net profit rose to Rs 3,912 crore against Rs 3,156 crore in the same quarter a year ago. Net income for the quarter grew 36.27 per cent to Rs 37,575 crore from Rs 27,573 crore a year ago. FY-08 For the year ended March 31, 2008, the company posted a net profit of Rs 19,458 crore compared with Rs 11,943 crore in the previous year. Total income increased to Rs 1,34,338 crore from Rs 1,12,171 crore a year ago. The company has recommended a dividend of Rs 13 per equity share of Rs 10 each. RIL share price closed today in BSE at Rs.2642.15 (+Rs.5.20).