Reliance Industries Ltd posts fall in Q1FY24 consolidated PAT at Rs. 16011 crores

Reliance Industries Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 214644 crores during the period ended June 30, 2023 as compared to Rs. 219140 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 16011 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 19299 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 23.66 for the period ended June 30, 2023 as compared to Rs. 28.52 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 214644 crs	₹219140 crs	-2.05%
Net Profit	₹16011 crs	₹19299 crs	-17.04%
EPS	₹23.66	₹28.52	-17.04%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 214644 crores during the period ended June 30, 2023 as compared to Rs.224901 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.16011 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.17955 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.23.66 for the period ended June 30, 2023 as compared to Rs.26.54 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 214644 crs	₹224901 crs	-4.56%
Net Profit	₹16011 crs	₹17955 crs	-10.83%
EPS	₹23.66	₹26.54	-10.85%

Shares of Reliance Industries Limited was last trading in BSE at Rs. 2619.80 as compared to the previous close of Rs. 2840.00. The total number of shares traded during the day was 400680 in over 17951 trades.

The stock hit an intraday high of Rs. 2632.00 and intraday low of 2582.00. The net turnover during the day was Rs. 1047506686.00.

Source : Equity Bulls

Keywords

RelianceIndustries Q1FY24 ResultUpdate RIL