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Reliance Industries Ltd Q1FY24; 6% fall in Profits

Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India. It has evolved from being a textiles and polyester company to an integrated player across energy, materials, retail, entertainment and digital services. Reliance’s products and services portfolio touches almost all Indians on a daily basis, across economic and social spectrums.

Financial Results:

Reliance Industries Ltd reported Revenues for Q1FY24 of ₹2,07,559.00 Crores down from ₹2,18,855.00 Crore year on year, a fall of 5.16%.

Total Expenses for Q1FY24 of ₹1,87,078.00 Crores down from ₹1,94,096.00 Crores year on year, a fall of 3.62%.

Consolidated Net Profit of ₹18,258.00 Crores down 6.09% from ₹19,443.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹23.67, down 10.81% from ₹26.54 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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