Reliance Ind net jumps 63% at 19,458 cr in FY 08

Reliance Industries Ltd has posted a net profit of Rs 3,912 crore for the quarter ended March 31, 2008, an increase of 23.95% as compared with Rs 3,156 crore in the same quarter in 2007.

Total revenues for the quarter ended March 2008 has increased to Rs 37,575 crore from Rs 27,573 crore reported in the same period in 2007. For the year ended March 2008, the company has shown a net profit of Rs 19,458 crore, an increase of 62.90% as against Rs 11,943 crore for the year ended March 2007.

Total revenues for the year ended March 2008 has increased to Rs 1,34,338 crore from Rs 1,12,171 crore during the year ended March 2007. The board of directors at its meeting held today has recommended a dividend of Rs 13 per fully paid-up equity share of Rs 10/- each.