The result was announced yesterday after market hours on Wednesday, 22 March 2020.

RIIL's consolidated net sales declined 6.9% to Rs 19.47 crore in Q4 March 2020 as against Rs 20.92 crore registered in the same period last year.

Shares of RIIL were down 1.88% at Rs 284.90. The scrip witnessed profit booking after rallying 14.88% in yesterday's trading session. The stock surged 67.78% in the past 30 sessions.

The board of directors of RIIL has recommended a dividend of Rs 3 per share for the year ended 31 March 2020.

Reliance Industrial Infrastructure is mainly engaged in the business of setting up/operating industrial infrastructure. Its main activities are providing services of transportation of petroleum products and raw water through its pipelines, construction machinery on hire and other infrastructure support services.

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Reliance Industrial Infrastructure announced that the Board of Directors of the Company at its meeting held on 22 April 2020, inter alia, have recommended the final dividend of Rs.3 per equity share (i.e. 30%), subject to the approval of the shareholders.

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Net profit of Reliance Industrial Infrastructure rose 9.63% to Rs 2.05 crore in the quarter ended March 2020 as against Rs 1.87 crore during the previous quarter ended March 2019. Sales declined 6.93% to Rs 19.47 crore in the quarter ended March 2020 as against Rs 20.92 crore during the previous quarter ended March 2019.

For the full year,net profit rose 1.80% to Rs 7.93 crore in the year ended March 2020 as against Rs 7.79 crore during the previous year ended March 2019. Sales declined 5.66% to Rs 79.80 crore in the year ended March 2020 as against Rs 84.59 crore during the previous year ended March 2019.

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Net profit of Reliance Industrial Infrastructure rose 19.56% to Rs 2.69 crore in the quarter ended March 2020 as against Rs 2.25 crore during the previous quarter ended March 2019. Sales declined 6.93% to Rs 19.47 crore in the quarter ended March 2020 as against Rs 20.92 crore during the previous quarter ended March 2019.

For the full year,net profit rose 4.18% to Rs 9.71 crore in the year ended March 2020 as against Rs 9.32 crore during the previous year ended March 2019. Sales declined 5.66% to Rs 79.80 crore in the year ended March 2020 as against Rs 84.59 crore during the previous year ended March 2019.

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