Reliance Q4-FY24 Results: A Complete Breakdown of The Results

The Indian Conglomerate with a market capitalisation of more than Rs.20 Lakh Crore reported its Q4 results on Monday, The most valued firm on the street registered a Consolidated Net profit of Rs.18,951 crores.

Breakdown of Results

Reliance Industries Ltd. reported a fall of about  1.8% in its consolidated net profit which was reported as Rs.18,951 crores against Rs.19,300 crores from the same quarter in the previous year though brokerages and analysts were expecting a fall of 5-10% in this profit. So the Net Profit has beaten estimations.

On Top-line terms, The company’s consolidated revenue from operations has shown a commending growth of 11.2%,  Revenue from operations reported was Rs.2,40,715 crores as compared to Rs.2,16,625 crores in the same quarter of the previous year.

The company has also improved its debt position, on the net debt part, the company’s net debt has fallen to Rs. 1,16,280 crores from Rs.1,25,765 in the March quarter of the previous year.

EBITDA has also shown a robust growth of 14.3% to Rs.47,150 crores for the Quarter ending March 2024, from the year-ago Quarter.

Segment-Wise EBITDA

Summarised Results:

Mukesh Ambani on RIL’s Results

“Initiatives across RIL’s businesses have made a remarkable contribution towards fostering growth of various sectors of the Indian economy. I am happy to share that this year, Reliance became the first Indian company to cross the Rs 1 lakh-crore threshold in pre-tax profits,” said Mukesh Ambani, Chairman and MD, RIL.

Stock Performance After Results

After Reporting decent results on Monday, the stock of Reliance Industries Limited is up by +0.35% and trading at Rs.2,968 a piece on Tuesday morning. The stock is up by 31% in the last  6 months and has made a 52-week high of Rs.3,024.

Conclusions: The company has achieved decent results which have beaten the estimates on a bottom-line basis, several brokerages like Nuvama, Motilal Oswal, Kotak Institutional Equities and Jeffries have retained their positive view on the stock and have also raised their targets for the stock.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.