Shares of Reliance Industries (RIL) began trading ex-dividend on Thursday, a day before its record date to determine eligible shareholders for dividend gains for FY12. The company’s board of directors has recommended dividend 8.00 per equity share For the financial year ended 31st March 2022.
Earlier this month, during the June 2022 quarterly results announcements, RIL The record date for determining the members eligible to receive dividend for the financial year FY22 was 19 August. The dividend, if declared at the AGM, shall be paid within one week from the conclusion of the Annual General Meeting (AGM). The company will hold its 45th AGM on Monday, August 29, 2022.
“The Board of Directors has recommended dividend 8/- per fully paid-up equity share 10/- for every financial year ending 31st March, 2022. This payment of dividend is subject to the approval of the members of the company at the upcoming Annual General Meeting of the company,” RIL had informed in an exchange filing in May.
In Q1 FY23, RIL sold . Posted consolidated net profit of Rs 17,955 crore rose 46.3% from the year-ago quarter, fueled by strong refining margins on account of cheaper Russian crude intake and fuel exports, boosting its core oil-to-chemicals business. Its consolidated revenue from operations grew more than 54% 223,113 crores.
Telecom arm Reliance Jio posted healthy ARPU-led EBITDA growth – 27% from the year-ago quarter and 4% on a sequential basis, while Reliance Retail EBITDA posted a year-on-year (YoY) of 98% due to improvement in operations. Took the jump ,
Mukesh Ambani chairs and runs Reliance Industries, which has interests in petrochemicals, oil and gas, telecommunications and retail. About 60% of Reliance’s revenue comes from oil-refining and petrochemicals, however, the group is reducing its reliance on oil-refining by diversifying into retail, telecommunications and technology. Ambani is leading the group towards green energy and will increase investment in green energy initiatives that it recently announced to play a leading role in the world’s transition to clean energy.
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