Reliance Q4 Results: Check Time, Expectations, Earnings Preview, and Dividend Announced Today by RIL
Today’s Reliance Q4 Results: On Monday, April 22, 2024, Reliance Industries, a conglomerate including oil, telecom, and chemicals, will release its financial results for the quarter that ended on March 31, 2024.
“A meeting of the Board of Directors of the Company is scheduled to be held on Monday, April 22, 2024, inter alia, to: consider and approve the standalone and consolidated audited financial results of the company for the quarter and year ended March 31, 2024; and to recommend dividend on equity shares of the Company for the financial year ended March 31, 2024,” the billionaire Mukesh Ambani-led company stated in a regulatory filing on April 15.
Anticipated Q4 Results for RIL:
Analysts predict that Reliance Industries’ profits rise for the fourth quarter of fiscal year 2024 would be driven by an increase in refining margins and a revival of the petrochemicals cycle.
In a Moneycontrol study of ten experts, the average forecast is for consolidated revenue to increase to Rs 2.12 lakh crore, or 11.4 percent, year over year.
Analysts predict that the company’s robust performance in the O2C sector would propel earnings before interest, taxes, depreciation, and amortization (EBITDA) to rise by 9.4% to Rs 38,440 crore. A decline in the upstream sector will somewhat offset the anticipated steady rise in Jio and retail.
Analysts at JP Morgan observe that Reliance benefits from the spike in crude prices by using, among other things, its oil output from fields along the country’s eastern coast.
According to the firm, “a sustained upward bias to oil should drive outperformance for RIL over the rest of the market and other Indian energy stocks.”
But due to higher taxes and depreciation, net profit is predicted to fall 5.7% to Rs 19,299 crore for the quarter, based on a poll of brokerage estimates published by Moneycontrol.
Because of increased refining throughput, greater petrochemical spreads, and enhanced gross refining margins (GRM), Reliance’s O2C division sequential profits are expected to rise sharply.
JM Financial estimates that RIL’s O2C EBITDA might increase 11.8 percent sequentially to Rs 15,700 crore, despite the fact that the petchem margin is still anticipated to remain low in the fourth quarter.
Q4 Results for Reliance 2024 Time and Date: Today, April 22, Reliance Industries will release the financial results for the fourth quarter of the fiscal year 2023-2024, or Q4 FY24. The statement is anticipated to be made after the market closes.
RIL Q3 Findings
Reliance Industries reported a 10.9 percent rise in consolidated profit after tax (PAT) to Rs 19,641 crore for the October–December 2023 quarter. In contrast, Rs 17,706 crore was the profit after taxes for the same period in 2022.
The company’s profit after tax climbed from Rs 52,443 crore to Rs 57,777 crore in the first three quarters of the fiscal year 2023–24 (April–December). Reliance Industries’ consolidated revenue increased 3.2% to Rs 248,160 crore, mostly due to the company’s consumer sector’s consistent development. In contrast, Rs 240,532 crore was the total income for the same quarter in the prior fiscal year.
Capital expenditure for the quarter ended December 2023 was Rs 30,102 crore. The creation of new energy initiatives, the expansion of retail infrastructure, and the countrywide deployment of 5G were the goals of this investment. It is important to note that this amount is adjusted for capital loans and asset regrouping, and it does not include spectrum-related charges.
