RIL Q4 results: Reliance Industries reports PAT of Rs 18,951 crore

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RIL Q4 results: Mukesh Ambani-led Reliance Industries on Monday reported a Profit After Tax (PAT) of Rs 18,951 crore for the fourth quarter of the financial year ending March 31, 2024. India’s largest by market value reported a near 2% fall in fourth-quarter profit to $2.27 billion, hurt by higher expenses.
According to the company filing, the annual profit hit a record of Rs 69,621 crore.The revenue for Q4 of FY24 came in at Rs 2.36 lakh crore. The company’s revenue from operations increased by 11 per cent primarily due to higher oil prices.
Reliance Industries Ltd reported a nearly unchanged net profit for the March quarter, with the company’s core oil and petrochemicals business showing signs of recovery and its consumer-facing telecom and retail businesses maintaining their strong performance. According to the company’s stock exchange filing, RIL’s net profit for the January-March quarter of the 2023-24 fiscal year was Rs 28.01 per share, compared to Rs 28.52 a share, in the same period last year.
The company also reached a significant milestone by becoming the first Indian company to achieve a turnover of Rs 10 lakh crore in FY24. The turnover increased by 2.6 per cent from Rs 9.74 lakh crore in 2022-23 to Rs 10 lakh crore during the reporting year.
RIL Q4 results: Highlights

  • Record Annual Consolidated Revenue at Rs 1,000,122 crore ($119.9 billion), up 2.6% y-o-y
  • Annual Consolidated EBITDA at Rs 178,677 crore ($21.4 billion), up 16.1% y-o-y
  • Annual Consolidated PBT crosses Rs 100,000 crore, at Rs 1,04,727 ($12.6 billion), up 11.4% y-o-y
  • Annual Net profit of Jim platforms crosses Rs 20,000 crore mark
  • Annual Net profit of Reliance Retail crosses Rs 10,000 crore mark
  • Quarterly Consolidated EBITDA at Rs 47,150 crore ($5.7 billion), up 14.3% y-o-y
  • RIL announces dividend of ₹ 10 /- per share

Ahead of RIL’s Q4 results, shares of Reliance Industries closed the day at Rs 2,960.60, up 0.65% on the Bombay Stock Exchange.
Commenting on the results, MukeshAmbani said, “Initiatives across RIL’s businesses have made a remarkable contribution towards fostering growth of various sectors of the Indian economy. It is heartening to note that alongside strengthening the national economy, all segments have posted a robust financial and operating performance. This has helped the Company achieve multiple milestones. I am happy to share that this year, Reliance became the first Indian company to cross the Rs 100,000-crore threshold in pre-tax profits.”

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