Mumbai, Sept. 30 (PTI): Reliance Industries Ltd today announced its audited results for 2001-02 with a consolidated net profit of Rs 3,280 crore, the highest in the private sector following the merger of Reliance Petroleum Ltd with RIL.
The board, which met this morning, recommended a dividend of 47.5 per cent (as against 42.5 per cent in 2000-01) on enhanced capital of Rs 1,396 crore with a total payout at Rs 663 crore. The company had in March announced an interim dividend of 47.5 per cent but later withdrew it following changes in the dividend tax in the budget proposals.
Gross turnover stood at Rs 57,120 crore as against Rs 28,008 crore for the previous year. The net profit of RIL was Rs 3243 crore against previous year’s Rs 2,646 crore after a provision of Rs 996 crore towards deferred tax. The total paid up equity capital, includes shares of Rs 342.62 crore to be allotted to the erstwhile RPL shareholders, stood at Rs 1,396 crore, it said.
Manufactured exports, including deemed exports were Rs 11,200 crore as against Rs 9,370 crore, making it the largest exporter. Subsidiaries considered in the statement are Reliance Industrial Investments and Holdings, Reliance Power Ventures, Reliance Ventures, Reliance Strategic Investments and Reliance LNG Pvt Ltd.