RIL Q4 results preview: Reliance to post earnings today; net profit, revenue likely to rise

Reliance Industries Ltd (RIL), India’s largest company in terms of market capitalisation, will declare the results of the fourth quarter of financial year 2023-24 (Q4 FY24), along with the results of the entire fiscal year, on Monday, April 22.

The oil-to-telecom conglomerate’s net profit and operational revenue for the quarter is likely to rise, D-Street analysts said, pointing towards a growth in the telecom, retail and refinery businesses.

The consolidated net profit is expected to come in at ₹19,727 crore in Q4 FY24, higher by 14.3% as compared to the preceding quarter, according to analysts tracked by Bloomberg.

The consolidated revenue from operations is likely to come in at ₹2.4 lakh crore, as per 12 analysts polled by the news agency. The projection is 4.96% higher as compared to the revenue clocked in the October-December quarter.

The earnings before interest, tax, depreciation and amortisation (EBITDA) is seen at ₹42,191 crore, down 5.2% sequentially, according to the analysts polled by Bloomberg. Year-on-year, the EBITDA will rise by 2.2%, as per their estimate.

Also Read: Jio Financial Services Q4 Results Highlights: Net profit rises 5.7% to ₹311 crore

How RIL performed in Q3

In the third quarter of FY24 – the period from October to December 2023 – Reliance Industries had reported a consolidated net profit of ₹17,265 crore, up 9% as against the year-ago period. The revenue from operations climbed 4% year-on-year to ₹2.28 lakh crore.

RIL shares

Ahead of the release of Q4 FY24 results, the shares of RIL opened nearly flat. The scrip was valued at ₹2,943.05 apiece on the NSE at 9:22 am, up 0.1% as against the previous day’s close. Year-to-date, the shares have rallied by 13.6%, and the surge has been sharper at 24.81% for the last one-year period.