Reliance Industries gains on reporting 10% rise in Q3 consolidated net profit
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Reliance Industries is currently trading at Rs. 2754.00, up by 18.95 points or 0.69% from its previous closing of Rs. 2735.05 on the BSE.
The scrip opened at Rs. 2729.95 and has touched a high and low of Rs. 2765.05 and Rs. 2698.60 respectively. So far 96415 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 19-Jul-2023 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. 2792.65 and Rs. 2698.60 respectively. The current market cap of the company is Rs. 1845828.37 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 38.76% and 10.98% respectively.
Reliance Industries has reported 18.52% rise in net profit at Rs 9,924 crore for the quarter ended December 31, 2023 as compared to Rs 8,373 crore for the same quarter in the previous year. Total income of the company increased by 1.28% at Rs 133,548 crore for Q3FY24 as compared Rs 131,856 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 10.31% rise in its net profit at Rs 19,641 crore for Q3FY24 as compared to Rs 17,806 crore for the same quarter in the previous year. Total income of the company increased by 3.82% at Rs 231,839 crore for Q3FY24 as compared Rs 223,311 crore for corresponding quarter of the previous year.
