Reliance Industries declines on reporting marginal fall in Q4 consolidated net profit

23 Apr 2024 Evaluate

Reliance Industries is currently trading at Rs. 2939.05, down by 21.55 points or 0.73% from its previous closing of Rs. 2960.60 on the BSE.

The scrip opened at Rs. 2968.55 and has touched a high and low of Rs. 2986.05 and Rs. 2936.55 respectively. So far 130742 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3024.80 on 04-Mar-2024 and a 52 week low of Rs. 2221.05 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 2986.05 and Rs. 2886.75 respectively. The current market cap of the company is Rs. 1995054.90 crore.

The promoters holding in the company stood at 50.31% while Institutions and NonInstitutions held 39.24% and 10.45% respectively.

Reliance Industries has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 18.27% fall in its net profit at Rs 11,283 crore for the quarter under review as compared to Rs 13,806 crore for the same quarter in the previous year. However, total income of the company increased by 13.77% at Rs 1,54,511 crore for Q4FY24 as compared Rs 1,35,810 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 0.39% fall in its net profit at Rs 21,243 crore for fourth quarter ended March 31, 2024 as compared to Rs 21,327 crore for the same quarter in the previous year. However, total income of the company increased by 11.91% at Rs 2,45,249 crore for Q4FY24 as compared Rs 2,19,140  crore for the corresponding quarter previous year. 

For the year ended March 31, 2024, the company has reported 4.86% fall in its net profit at Rs 42,042 crore as compared to Rs 44,190 crore for the previous year. Total income of the company decreased by 0.69% at Rs 5,60,070  crore for year under review as compared to Rs 5,63,972 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 6.66% rise in its net profit at Rs 79,020 crore as compared to Rs 74,088 crore for the previous year. Total income of the company increased by 3.04% at Rs 9,30,529  crore for year under review as compared to Rs 9,03,045  crore for year ended March 31, 2023.

Reliance Industries Share Price

2869.05 0.00 (0.00%)
18-May-2024 12:50 View Price Chart
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