Results for: Reliance Industries

Reliance Industries (RIL) released its fourth-quarter results, showing a 10.8% year-over-year increase in gross revenue to ₹2,64,834 crore, while profit after tax (PAT) remained almost flat at ₹21,243 crore. Performances were positive across the board, including in oil and gas, retail, and telecom.
Brokerages have reacted positively to the results, with many maintaining their positive ratings and raising RIL’s stock target prices. Here are the recommendations from some key brokerages:

– Motilal Oswal Financial Services: Retain buy rating with a target price of ₹3245.
– Morgan Stanley: Overweight call with a target price of ₹3,046.
– Nuvama Wealth Management: Raised target price by 10% to ₹3,500, with a ‘buy’ recommendation.
– Kotak Institutional Equities: ‘Add’ call with a revised fair value of ₹3,200.
– Emkay Global Financial Services: Retains ‘add’ call with a target price of ₹3,200.

Reliance Industries (RIL) reported strong March quarter results, with a beat on EBITDA. Key highlights include a miss in Retail Ebitda due to lower revenue, offset by better O2C on higher utilization and improved refining. Jio and Upstream numbers were in line. Analysts have raised FY25 and FY26 earnings estimates and target prices on RIL by up to 10% post-quarterly earnings.

Reliance Industries Limited (RIL), India’s leading conglomerate, has achieved a major milestone by becoming the first Indian company to surpass the Rs 1 lakh crore mark in pre-tax profits. This historic achievement underscores the company’s dominant position in various sectors and its contributions to the Indian economy.

Reliance Industries Limited reported a flat net profit for the March quarter but a record high for the fiscal year due to recovery in its oil and petrochemicals business and continued growth in telecom and retail segments.

Reliance Industries Limited (RIL) has reported a slight increase in net profit for the fiscal fourth quarter due to a rebound in its main oil-to-chemicals (O2C) sector. The company’s revenue for the quarter rose to Rs 2.41 lakh crore, surpassing analysts’ estimates.

Reliance Industries, India’s largest conglomerate, reported a fourth-quarter profit above analysts’ estimates, boosted primarily by its oil-to-chemicals (O2C) business.
The company’s consolidated profit fell slightly by 2% year-over-year to 189.51 billion Indian rupees ($2.27 billion), but it exceeded market expectations of 185.22 billion rupees.
Reliance reported a revenue growth of 11.6% to 2.41 trillion rupees, with the O2C segment driving this growth due to improved fuel prices and increased volumes.

Reliance Industries’ (RIL) Q4FY24 earnings brought mixed results. While revenue grew by 10.8% to ₹2,64,834 crore, profit after tax declined by a marginal 0.4% to ₹21,243 crore. Key highlights include double-digit growth in revenue, profit, and EBITDA for Jio Platforms, driven by subscriber growth and increased data and voice traffic. However, EBITDA margin for Jio Platforms slightly declined. The company witnessed strong contributions from O2C and consumer businesses, while the impact of lower refining margins was offset by higher chemical spreads.

Reliance Industries Ltd (RIL) reported a slight decline in its net profit for the March quarter, while its revenue from operations witnessed a significant surge. The company’s consolidated net profit for the quarter stood at Rs 18,951 crore, representing a 1.80% year-on-year (YoY) decrease from the Rs 19,299 crore reported in the corresponding quarter last year. However, RIL’s consolidated revenue from operations rose by 11.3% YoY to Rs 2,40,715 crore, compared to Rs 2,16,265 crore in the same quarter last year. The company’s EBITDA for the quarter also grew by 14.3% YoY to Rs 47,150 crore, while its EBITDA margin came in at 17.8%, a rise of 50 basis points over the 17.3% reported in the year-ago quarter. RIL’s board of directors declared a dividend of Rs 10 per share for the financial year 2023-24. The company’s strong performance was attributed to its key businesses, including Jio, Reliance Retail, and the oil and gas segment. Jio’s EBITDA increased by 12.5% YoY, while Reliance Retail continued to perform well with its omni-channel presence. The oil and gas segment also witnessed a significant increase in its EBITDA, primarily driven by higher gas and condensate production from the KG D6 block.