RIL Q1 Results 2024 Date and Time: Reliance Industries Ltd., the conglomerate spanning energy to telecom sectors, will unveil its first-quarter earnings on July 19. The company’s board of directors will convene to approve standalone and consolidated financial results for Q1FY25, as disclosed in a regulatory filing. The results will be out as soon as the market closes at 3 PM. Following the board’s meeting on July 19, Reliance Industries plans to present its financial results for the quarter ending June 30, 2024, to analysts and the media.
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“Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that meeting of the Board of Directors of the Company is scheduled to be held on Friday, July 19, 2024, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter ended June 30, 2024,” Reliance Industries said in a press statement.
“A presentation to analysts and media on financial results of the Company for the quarter ended June 30, 2024 shall be made on the same day after the meeting,” the statement added.
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RIL Q1 Results 2024: Where to Find the Results?
The company headed by Mukesh Ambani will announce the Q1 results which will include the June quarter earnings of its O2C Business, Jio and Reliance retail. You will find the results through several sources:
-Company Website: Reliance Industries usually publishes its financial results on its official website.
-Stock Exchange Websites: Results are often uploaded on stock exchange websites where the company’s shares are listed. For example, on the National Stock Exchange (NSE) or the Bombay Stock Exchange (BSE) websites.
-Financial News Websites: Major financial news websites, including FinancialExpress.com, will cover and publish details of company earnings announcements.
-Analyst Reports: Analysts and brokerage firms often publish reports analyzing the company’s performance post-earnings release. These reports may be accessible through their respective websites or financial news platforms.
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Reliance Industries performance
Meanwhile, six analysts predict a net profit of Rs 17,655 crore, indicating a 10.3% year-on-year increase but a 6.8% decrease from the previous quarter. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is projected to be Rs 39,790 crore by 14 analysts, reflecting a 15.4% decline quarter-on-quarter.
According to Bloomberg estimates, a survey of 13 analysts forecasts Reliance Industries to announce Q1 revenue of Rs 2.3 trillion, marking an 11.8% rise from the previous fiscal quarter.
Reliance Industries shares have shown robust performance across various time frames. In the past month alone, the stock has delivered a notable return of 5.47%, highlighting its stability and growth potential. Over the last six months, the stock has surged by an impressive 14.21%, signaling a strong upward trajectory.
RIL Q4 FY24 Results – Highlights
-Record annual consolidated revenue at Rs 10 lakh crore ($119.9 billion), up 2.6% y-o-y
-Annual consolidated EBITDA at Rs 1.78 lakh crore ($21.4 billion), up 16.1% y-o-yCome from Sports betting site
-Annual consolidated PBT crosses Rs 1 lakh crore, at Rs 1,04,727 ($12.6 billion), up 11.4% y-o-y
-Annual net profit of Jio platforms crosses Rs 20,000 crore mark
-Annual net profit of reliance retail crosses Rs 10,000 crore mark
-Quarterly consolidated EBITDA at Rs 47,150 crore ($5.7 billion), up 14.3% y-o-yCome from Sports betting site VPbet
-Dividend of Rs 10 per share
