Reliance Industries gains on reporting 18% rise in Q4 consolidated net profit
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Reliance Industries is currently trading at Rs. 2356.70, up by 7.80 points or 0.33% from its previous closing of Rs. 2348.90 on the BSE.
The scrip opened at Rs. 2365.00 and has touched a high and low of Rs. 2382.90 and Rs. 2348.70 respectively. So far 192873 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52-week low of Rs. 2180.00 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 2415.00 and Rs. 2326.00 respectively. The current market cap of the company is Rs. 1594463.88 crore.
The promoters holding in the company stood at 50.41%, while Institutions and Non-Institutions held 38.70% and 10.88% respectively.
Reliance Industries (RIL) has reported results for fourth quarter (Q4) and year ended March 31, 2023. The company has reported rise of 24.58% in its net profit at Rs 13,821 crore for the quarter under review as compared to Rs 11,094 crore for the same quarter in the previous year. However, total income of the company decreased by 8.86% at Rs 124,918 crore for Q4FY23 as compared to Rs 137,063 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 18.35% in its net profit at Rs 21,327 crore for fourth quarter ended March 31, 2023 as compared to Rs 18,021 crore for the same quarter in the previous year. Total income of the company increased by 2.31% at Rs 219,294 crore for Q4FY23 as compared to Rs 214,344 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported rise of 13.10% in its net profit at Rs 44,205 crore as compared to Rs 39,084 crore for the previous year. Total income of the company increased by 20.74% at Rs 554,479 crore for year under review as compared to Rs 459,247 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 9.20% rise in its net profit at Rs 74,088 crore as compared to Rs 67,845 crore for the previous year. Total income of the company increased by 22.83% at Rs 904,770 crore for year under review as compared to Rs 736,581 crore for year ended March 31, 2022.
