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Reliance Industries Ltd Q2FY24; 28% rise in Profits

Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani’s family have about 50% shareholding in the conglomerate.

Financial Results:

Reliance Industries Ltd reported Revenues for Q2FY24 of ₹2,31,886.00 Crores up from ₹2,29,409.00 Crore year on year, a rise of 1.08%.

Total Expenses for Q2FY24 of ₹2,09,234.00 Crores down from ₹2,12,718.00 Crores year on year, a fall of 1.64%.

Consolidated Net Profit of ₹19,878.00 Crores up 28.15% from ₹15,512.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹25.71, up 27.34% from ₹20.19 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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