Reliance Industries Limited (RIL) announced its Q4FY24 earnings, reporting a consolidated net profit of 18,951 crore. This represents a decline of nearly 2% compared to 19,299 crore in the same quarter last year. Analysts had predicted it to be 19,726 crore. The drop in net profit has been primarily attributed to reduced margins in the petrochemicals sector and higher tax payments. Despite these challenges, RIL’s retail and telecom sectors saw consistent growth and contributed to their overall revenue. The company also declared a dividend of 10 per share for FY24, in addition to 9 per share already declared earlier in the fiscal year.