Results for: RIL

Mukesh Ambani, Asia’s wealthiest individual and a global business titan, has steered Reliance Industries Limited (RIL) into a diverse conglomerate spanning energy, petrochemicals, textiles, retail, and telecommunications. Despite his immense wealth, Ambani is known for his commitment to moderation in compensation, forgoing his entire salary during the COVID-19 pandemic and opting for a capped annual salary since 2008. This article explores Ambani’s leadership, RIL’s global reach, and the unique compensation structure within the company.

Indian equity markets closed in the green on Tuesday, with the Sensex and Nifty gaining points. Bharti Airtel emerged as the top gainer, while Reliance Industries (RIL) weighed on the indices. The Sensex rose by 90 points to settle at 73,738, while the Nifty climbed by 31 points to close at 22,368.

Reliance Industries Ltd.’s (RIL) shares experienced a decline of over 1% on Tuesday, despite a slight uptick in the Nifty 50 index. The company’s performance in the fourth quarter of FY24 (Q4FY24) lacked significant catalysts for the stock. Notably, growth in RIL’s retail business, a key factor in the company’s valuation, has moderated. Gross retail revenues declined sequentially in Q4 following a festive season surge in Q3. However, year-on-year, the segment exhibited an 18% increase in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). Concerns regarding retail valuations, exemplified by the performance of Avenue Supermarts Ltd., highlight the need for growth to exceed expectations or for premium valuations to persist beyond five years to generate meaningful returns. In contrast, RIL’s telecom subsidiary, Jio, is being valued in line with Bharti Airtel Ltd. and possesses strong potential for generating free cash flow. The company’s oil-to-chemicals (O2C) segment, including refining and petrochemicals, has maintained consistent feedstock throughput, generating substantial EBITDA. RIL’s primary catalysts for stock growth are expected to be its consumer-facing businesses as the new energy business continues to develop.

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) 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.