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Reliance Industries jumps on reporting 28% rise in Q2 consolidated net profit
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Reliance Industries is currently trading at Rs. 2318.00, up by 52.75 points or 2.33% from its previous closing of Rs. 2265.25 on the BSE.
The scrip opened at Rs. 2283.95 and has touched a high and low of Rs. 2319.00 and Rs. 2272.00 respectively. So far 99720 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2,635.17 on 19-Jul-2023 and a 52 week low of Rs. 2,012.14 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 2321.90 and Rs. 2221.05 respectively. The current market cap of the company is Rs. 1550995.17 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 62.08% rise in its net profit at Rs 11,208 crore for second quarter ended September 30, 2023 (Q2FY24) as compared to Rs 6,915 crore for the same quarter in the previous year. However, total income of the company decreased marginally by 0.07% at Rs 143,384 crore for Q2FY24 as compared Rs 143,488 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 28.15% rise in its net profit at Rs 19,878 crore for the quarter under review as compared to Rs 15,512 crore for the same quarter in the previous year. Total income of the company increased by 1.32% at Rs 238,797 crore for Q2FY24 as compared Rs 235,693 crore for the corresponding quarter previous year.
