Reliance Industrial Infrastructure ltd (RIIL) led by Mukesh Ambani announced that it has seen a 27 per cent jump in net profit for the first quarter of this fiscal year ending June 30.

While the company reported a decline in its net income the profits grew. For the quarter in question, income came down by 8.79 per cent. In money terms it stood at Rs 12.45 crore which is lesser than what it posted last year at Rs. 13.65 crore.

Despite this, the profit of the firm went up to end at Rs. 5.10 crore as compared to last year. The information was given by the company in a filing submitted with the BSE.

On Friday, shares of the firm went up by 0.59 per cent to close at Rs. 940.60.

Meanwhile, RIIL has fixed July 14 as the date for determining the shareholders for dividends, if declared at that time.

It has not decided till now whether dividend will be paid to the shareholders or not but they are eligible for the same.

The decision on the same will be taken in the AGM which is going to held on August 4.