Ahead of Reliance Industries Q4 results, here’s how it performed in the last three quarters of FY24
Upstox
2 min read • Updated: April 22, 2024, 6:23 PM
Summary
Reliance Industries Q4 results: Reliance Industries shares closed flat ahead of the release of its fourth-quarter results. Despite expectations of strong earnings, the market remains cautious on the stock of the conglomerate. Here’s a look at the financial figures in the last three quarters of FY24 ahead of the March quarter results.
Reliance Industries Q4 results: Reliance Industries Limited (RIL) shares are in focus on Monday, April 22, ahead of the release of the results for the quarter and the financial year ending March 31, 2024.
After a gap up opening the stock gained as much as 0.77% to a high of ₹2,965 apiece on the NSE. However, Reliance Industries Ltd shares pared some gains to close at ₹2,962 apiece, up 0.77% on NSE.
Even though several reports suggest a strong growth in revenue and net profit in the Q4 earnings of Reliance Industries, the investors seem to remain cautious.
Read more: Reliance Q4 Results LIVE Updates: Reliance Jio Q4 net profit rises over 13% YoY to ₹5,337 crore
As the market waits for the Q4 results, let’s take a look at how Reliance Industries performed in the last three quarters of the current financial year.
Gross Revenue: In Q3, the gross revenue of Reliance Industries decreased to ₹2,48,160 crore compared to ₹2,55,996 crore in the second quarter. On a year-on-year (YoY) basis, the gross revenue increased by nearly ₹7628 crore from ₹2,40,532 crore in the year ago quarter.
It is important to note that this increase in year-on-year gross revenue came even as the Financial Services business demerged. The revenue growth was supported by continued growth momentum in consumer businesses. The company’s gross revenue stood at ₹2,31,132 crore in Q1FY24.
Profit After Tax: Profit after tax of Reliance Industries went up by 10.9% YoY in the third quarter to ₹19,641 crore. However, when compared to the second quarter, there was a decrease in profit after tax by ₹237 crore. In Q2FY24, the company’s profit after tax stood at ₹19,878 crore.
However, on a sequential basis, the company’s PAT increased nearly 9% compared to ₹18,258 crore profit in Q1FY24.
EBITDA: In the third quarter of the financial year 2023-24, Reliance Industries posted an earnings before interest, tax, depreciation and amortisation (EBITDA) of ₹44,678 crore, up 16.7% YoY compared to Q3FY23.
An 11.5% Y-o-Y increase in EBITDA of Jio Platforms and a 31.1% increase in EBITDA of Reliance Retail helped the company post a significant increase in EBITDA. Its EBITDA from the oil and gas segments also witnessed a sharp increase by 49.6%.
The company’s EBITDA in the second quarter stood at ₹44,867 crore compared to ₹41,982 crore in Q1FY24.