RIL Q1 results date: Mukesh Ambani-led Reliance Industries to post earnings on July 19

"...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," the oil-to-telecom conglomerate informed the bourses late on Thursday, July 11.

The declaration of Q1 results will come days after RIL became the first Indian company to cross the market cap of ₹21 lakh crore. The record was achieved by the Mukesh Ambani-led entity on June 28.

RIL's total market cap currently stands at ₹21.43 lakh crore. At 11:57 am on July 12, the shares were trading at ₹3,165.25 apiece, which was up 0.12% as against the previous day's close.

How RIL performed in Q4

The company’s net profit in Q4FY24 stood at ₹21,243 crore, up marginally by 0.01% as against ₹21,227 crore in the year-ago quarter.

Consolidated gross revenue increased 10.8% YoY to ₹2,64,834 crore, as against against ₹2,38,957 crore in the March quarter of FY23.

For the entire financial year 2023-24 (April 2023 to March 2024), Reliance Industries reported a profit after tax of ₹79,020 crore, up 7.3% as against ₹73,670 crore in the preceding financial year. The conglomerate's revenue rose 2.6% to ₹10 lakh crore in 2023-24 from ₹9.74 lakh crore in 2022-23.