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Business News/ Companies / Company Results/  Reliance Q4 Results Updates: Net profit declines 1.8% YoY to 18,951 crore, announces dividend of 10 per share
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Reliance Q4 Results Updates: Net profit declines 1.8% YoY to ₹18,951 crore, announces dividend of ₹10 per share

Reliance Q4 Results Updates: Mukesh Ambani-led RIL posted 1.8% year-on-year decline in its net profit to 18,951 crore. Revenue rises 11% amounting to 240,715 crore for the quarter concluded on 31st March 2024. EBITDA grew 16.1% YoY to 178,677 crore.

Reliance Q4 Results LIVE Updates: RIL to announce Q4 results for FY24 today. (REUTERS)Premium
Reliance Q4 Results LIVE Updates: RIL to announce Q4 results for FY24 today. (REUTERS)

Reliance Q4 Results Updates: RIL, headed by billionaire Mukesh Ambani, posted its fourth quarter financial results on April 22. The conglomerate reported a 1.8% decrease in its net profit to 18,951 crore compared to the previous year. However, revenue saw an 11% increase, reaching 240,715 crore for the quarter ending on March 31, 2024. Furthermore, EBITDA experienced a year-on-year growth of 16.1%, reaching 178,677 crore.

The conglomerate also announced an interim dividend 10 per equity share for the financial year ended March 31, 2024.

22 Apr 2024, 09:47:34 PM IST

Reliance Q4 Results Live: RIL becomes first Indian company to cross ₹1 lakh crore pre-tax profit threshold

Reliance Q4 Results Live: Reliance Industries Ltd (RIL) has achieved a significant milestone by becoming the first Indian company to surpass the 1 lakh crore mark in pre-tax profits. Its net profit for the fiscal year saw a seven percent increase to 79,020 crore compared to the previous year. Additionally, the company reported a record annual consolidated revenue exceeding 10 lakh crore, primarily propelled by sustained growth in consumer and upstream businesses.

22 Apr 2024, 09:43:46 PM IST

Reliance Q4 Results Live: Gas prices to remain more stable, says executive

Reliance Q4 Results Live: “We expect gas prices to be more stable going forward and supported by demand: Sanjay Roy, Senior VP, Production and Exploration. We don't expect any substantial LNG capacity addition till onset of winter 2024," said Sanjay Roy, Senior VP, Production and Exploration.

22 Apr 2024, 09:11:30 PM IST

Reliance Q4 Results Live: Taluja on Jio Mart performance

Reliance Q4 Results Live: "For Jio Mart, our focus was to increase average order values, which were up 30% on a year by year basis, as well as increase the number of units per order, which is up 37% YoY basis.  We also continue to enhance the functionalities of the platform to improve the shopping experience for the customer."

22 Apr 2024, 08:57:15 PM IST

Reliance Q4 Results Live: Dinesh Taluja , CFO and Corporate Development, Reliance Retail, said 

Reliance Q4 Results Live: “Acquisitions and partnerships continues to be a core part of our strategy for our consumer brands business. During the quarter we completed the acquisition of IP rights and trade, including trademarks and recepies for Ravalgaon."

22 Apr 2024, 08:52:39 PM IST

Reliance Q4 Results Live: JioMart's fourth quarter results for FY24 

Reliance Q4 Results Live: JioMart maintained a consistent performance throughout the quarter, marked by a 94% year-on-year increase in its seller base and a 32% year-on-year rise in live selection. The platform experienced growth in both sessions and Gross Merchandise Value (GMV), driven by sales events such as 'Holi Ready' and 'Republic Day'.

22 Apr 2024, 08:48:52 PM IST

Reliance Q4 Results Live: Mukesh Ambani said on O2C segment performance for Q4 FY24

Reliance Q4 Results Live: “Strong demand for fuels globally, and limited flexibility in refining system worldwide, supported margins and profitability of the O2C segment. Downstream chemical industry experienced increasingly challenging market conditions through the year. Despite headwinds, maintaining leading product positions and feedstock flexibility through our operating model that prioritises cost management, we delivered a resilient performance. The KG-D6 block has achieved 30 MMSCMD of production and now accounts for 30% of India’s domestic gas production."

22 Apr 2024, 08:24:42 PM IST

Reliance Q4 Results Live: Quarterly performance of Oil to Chemicals (O2C) segment

Reliance Q4 Results Live: Here are key highlights from O2C segment quarterly and annual performance -

  • Segment Revenue for 4Q FY24 increased by 10.9% Y-o-Y to 142,634 crore ($17.1 billion) primarily on account of improved realization for transportation fuels segment and higher volumes.
  • Segment EBITDA for 4Q FY24 marginally increased by 3.0% Y-o-Y to 16,777 crore ($ 2.0 billion) supported by advantageous feedstock sourcing, ethane cracking and higher domestic product placement.
  • Segment Revenue for FY24 decreased by 5.0% Y-o-Y to 564,749 crore ($ 67.7 billion) primarily on account of lower product price realization following a 13.5% Y-o-Y decline in average Brent crude oil prices. This was partially offset by higher volumes.
  • Segment EBITDA for FY24 was marginally higher at 62,393 crore ($ 7.5 billion) with optimized feedstock sourcing, advantageous ethane cracking, and lower SAED impact, although the margin environment across transportation fuel and downstream chemicals remained weak through the year.

22 Apr 2024, 08:18:53 PM IST

Reliance Q4 Results Live: Quarterly performance of RIL's media business

Reliance Q4 Results Live: Here are key highlights from RIL's media business -

  • Media business recorded a strong operating and financial performance across verticals during the quarter. Revenue from operations was up by 63.0% Y-o-Y to 2,419 crore, driven by Sports, Movies and News verticals
  • News business revenue was up 25% Y-o-Y, driven by the strong growth in advertising revenue of both TV and Digital Platform.
  • Viacom18 revenue grew 83% Y-o-Y led by Sports and Movies segments. Sports revenue growth was primarily driven by 13 IPL matches held during the quarter, as the tournament kicked off earlier this year. Release of 'Fighter', the biggest movie of 2024 so far, drove the growth in the Movies segment. The advertising revenue on TV network also delivered strong growth on the back of robust viewership share.
  • Consolidated EBITDA of the Group was impacted by continued investments in Sports and Digital verticals of Viacom18, the leading drivers of revenue growth for the foreseeable future.

22 Apr 2024, 08:12:37 PM IST

Reliance Q4 Results Live: Oil and gas quarterly performance for Q4 FY24

Reliance Q4 Results Live: Here are the key highlights from oil and gas quarterly performance -

  • 4Q FY24 revenue is higher by 42.0% as compared to 4Q FY23 mainly on account of higher volumes partly offset by lower price realisation from KG D6 Field.
  • The average price realised for KG D6 gas was $ 9.53/MMBTU in 4Q FY24 vis-à-vis $ 11.39/MMBTU in 4Q FY23. The average price realised for CBM gas was $ 14.34/MMBTU in 4Q FY24 vis-à-vis $ 19.57/MMBTU in 4Q FY23.
  • EBITDA increased to 5,606 crore which is up by 47.5% on Y-o-Y basis. EBITDA margin was at 86.7% for 4Q FY24.

22 Apr 2024, 08:06:28 PM IST

Reliance Q4 Results Live: Mukesh Ambani on Reliance Retail's Q4 FY24 result said

Reliance Q4 Results Live: “Reliance Retail continued to provide customers endless choices through its robust omni-channel presence. We continue to offer product differentiation and superior offline experience through stores remodelling and revamping of layouts. Our digital commerce platforms also provide newer solutions to users with a broad brand catalogue. Reliance Retail also works towards strengthening millions of merchants through its unique initiatives in new commerce space."

22 Apr 2024, 08:02:04 PM IST

Reliance Q4 Results Live: Isha M. Ambani, Executive Director, Reliance Retail Ventures Limited, said

Reliance Q4 Results Live: “Reliance Retail continues to deliver steady performance led by growth across consumption baskets. We continue to invest and innovate across formats and products to improve our customer value proposition and serve evolving consumer needs. Robust expansion and growth of our retail business signifies our commitment to customer centricity and confidence in India’s consumption story."

22 Apr 2024, 07:57:31 PM IST

Reliance Q4 Results Live: Reliance Retails quarterly performance for Q4 FY24

Reliance Q4 Results Live: Here are key highlights from Reliance Retails' quarterly performance for Q4 FY24 -

  • The business expanded its store network with 562 new store openings with gross area addition of 7.8 million sq. ft. 
  • The quarter recorded footfalls of over 272 million across formats, a growth of 24.2% Y-o-Y. 
  • During the quarter, the business acquired India business of Kiko Milano and intellectual property including trademarks, recipe etc. of sugar-boiled confectionery from Ravalgaon.
  • The registered customer base was at 304 million at the end of the year, up 22.2% YoY while the total transactions recorded were at 1.26 billion, up 22.0% YoY.
  • The business acquired Ed-a-Mamma, a kids and maternity-wear brand and majority ownership of Superdry IP for India, Sri Lanka and Bangladesh markets, Sephora India’s franchise business and entered into an exclusive distribution arrangement with SMCP to launch Sandro and Maje brands in India amongst many initiatives to bolster its product capabilities through acquisitions and partnerships.

22 Apr 2024, 07:53:43 PM IST

Reliance Q4 Results Live: Reliance Retail's EBITDA rises by 28.5% YoY

Reliance Q4 Results Live: Reliance Retail continues its strong track record of profit growth registering an EBITDA of 23,040 crore, higher by 28.5% YoY for the year FY24.

During the year, EBITDA margin on net sales continued to show improvements and was at 8.4%, up +60 bps YoY

22 Apr 2024, 07:50:36 PM IST

Reliance Q4 Results Live: Reliance Retail's gross revenue jumps 17.8%

Reliance Q4 Results Live: Reliance Retail delivered resilient performance with another year of strong revenue growth and profit. The business recorded Gross Revenue of 3,06,786 crore for the year FY24, a growth of 17.8% over last year.

22 Apr 2024, 07:49:12 PM IST

Reliance Q4 Results Live: Reliance Retail net profit rises by 12%, revenue up 10.6%

Reliance Q4 Results Live: Reliance Retail Ventures Ltd, the retail subsidiary of Reliance Industries Ltd, reported an 11.7 percent increase in its net profit for the quarter ending March 31, 2024, compared to 2,415 crore recorded in the same period last year.

22 Apr 2024, 07:43:42 PM IST

Reliance Q4 Results Live:  Mukesh Ambani on Reliance Jio Q4 results said

Reliance Q4 Results Live: “Performance of the digital services segment has been boosted by accelerated expansion of subscriber base, supported by both mobility and fixed wireless services. With over 108 million True 5G customers, Jio truly leads the 5G transformation in India. From upgrading the hitherto 2G users to smartphones, to leading the effort of producing AI-driven solutions, Jio has proved its capability in strengthening the nation’s digital infrastructure."

22 Apr 2024, 07:40:49 PM IST

Reliance Q4 Results Live: Akash M Ambani, Chairman of Reliance Jio Infocomm said

Reliance Q4 Results Live: "Jio continues to maintain its network leadership and offer innovative digital solutions to multiple customer cohorts. This is driving consistent outperformance in terms of subscriber additions and engagement levels. Continued acceleration in growth of JioAirFiber subscriber base and ramp-up of digital services will sustain industry-leading growth for Jio."

22 Apr 2024, 07:39:36 PM IST

Reliance Q4 Results Live: Reliance Jio subscribers surged to 108 million

Reliance Q4 Results Live: Jio has rolled out its True5G network across India, with 108 million+ subscribers migrated to Jio’s 5G network. The Jio True 5G network now carries ~28% of Jio’s wireless data traffic, with the entire 5G data being carried on Jio’s own 5G+4G combo core.

22 Apr 2024, 07:36:57 PM IST

Reliance Q4 Results Live: Reliance Jio ARPU grows to ₹181.7

Reliance Q4 Results Live:  Jio's average revenue per user (ARPU) stood at 181.7, benefiting from a more favorable subscriber mix, although this was partially offset by a growing proportion of promotional 5G traffic. This 5G traffic is currently provided unlimited to subscribers and has not yet been charged separately.

22 Apr 2024, 07:33:22 PM IST

Reliance Q4 Results Live: Gross revenue up 2.6% at ₹1,000,122 crore

Reliance Q4 Results Live: RIL's gross revenue was also up 2.6 per cent year-on-year (YoY) to 1,000,122 crore supported by continued growth momentum in consumer businesses and upstream business.

  • Revenue for JPL increased by 11.7% Y-o-Y, led by robust subscriber growth of 42.4 million across mobility and homes and benefit of mix improvement in ARPU.
  • Revenue for RRVL grew by 17.8% Y-o-Y with strong growth across all consumption baskets, gross area addition of 15.6 million sq. ft.and record footfalls of over a one billion.
  • O2C revenue decreased by 5.0% primarily on account of lower product price realization following a 13.5% Y-o-Y decline in average Brent crude oil prices. This was partially offset by higher volumes.
  • Revenue from Oil & Gas segment increased significantly by 48.0% mainly on account of higher volumes from KG D6 block (+56.8%), despite lower gas price realisation from KG D6 field.

22 Apr 2024, 07:29:45 PM IST

Reliance Q4 Results Live: Mukesh Ambani on RIL's Q4 FY24 results

Reliance Q4 Results Live: “Initiatives across RIL’s businesses have made a remarkable contribution towards fostering growth of various sectors of the Indian economy. It is heartening to note that alongside strengthening the national economy, all segments have posted a robust financial and operating performance. This has helped the Company achieve multiple milestones. I am happy to share that this year, Reliance became the first Indian company to cross the 100,000-crore threshold in pre-tax profits."

22 Apr 2024, 07:19:27 PM IST

Reliance Q4 Results Live: EBITDA rises 16% YoY

Reliance Q4 Results Live: The conglomerate also reported in surge in EBITDA  by 16.1% YoY to 178,677 crore ($21.4 billion), driven by favorable performances across all primary operating segments.

22 Apr 2024, 07:17:12 PM IST

Reliance Q4 Results Live: Revenue grows by 11% to ₹240,715 crore

Reliance Q4 Results Live: RIL disclosed an 11 per cent increase in consolidated revenue from operations, amounting to 240,715 crore for the quarter concluded on 31st March 2024. This figure marks a significant rise from the 2.16 lakh crore revenue reported in the corresponding period of the previous year.

22 Apr 2024, 07:08:30 PM IST

Reliance Q4 Results Live: RIL posts net profit at ₹18,951 crore

Reliance Q4 Results Live: Mukesh Ambani-led conglomerate posted   18,951 crore as net profit for Q4 FY24. 

22 Apr 2024, 06:25:37 PM IST

Reliance Q4 Results Live: Reliance Jio Q4 FY24 results vs street estimates

Reliance Q4 Results Live: The telecom arm of RIL is said to be in line with the market estimates. It posted its ts standalone net profit to 5,337 crore for the quarter ending on March 31, 2024. This figure closely aligned with market estimated profit of 5,330 crore.

22 Apr 2024, 06:07:24 PM IST

Reliance Q4 Results Live: Reliance Jio MD Sanjay Mashruwala resigns

Reliance Q4 Results Live: Reliance Jio has announced the resignation of Sanjay Mashruwala, aged 76, from his position as Managing Director, effective June 9, 2024. Pankaj Mohan Pawar will continue to serve as the Managing Director of the company.

22 Apr 2024, 05:55:59 PM IST

Reliance Q4 Results Live: Reliance Jio to post ARPU data shortly

Reliance Q4 Results Live: Reliance Jio is set to reveal its average revenue per user (ARPU), a vital metric for assessing telecom companies' performance, alongside subscriber additions, concurrent with parent RIL's results.

22 Apr 2024, 05:52:18 PM IST

Reliance Q4 Results Live: Key highlights from Reliance Jio fourth quarter results

Reliance Q4 Results Live: Here are key numbers to note from Reliance Jio's Q4 FY24 results -

  • Net profit at 5,337 crore vs 5,208 crore (QoQ) 
  • Revenue at 25,959 crore vs 25,368 crore(QoQ)
  • EBITDA At 13,612 crore vs 13,277 crore (QoQ) 
  • Margin At 52.4% vs 52.3% (QoQ)

22 Apr 2024, 05:47:06 PM IST

Reliance Q4 Results Live: Reliance Jio's revenue rises 11% YoY

Reliance Q4 Results Live: In the fourth quarter, Jio recorded revenue at 25,959 crore, marking an 11% year-on-year increase from 23,394 crore. In the previous quarter, from October to December 2023, revenue was at 23,394 crore.

22 Apr 2024, 05:43:31 PM IST

Reliance Q4 Results Live: Reliance Jio's revenue from operations rise 2.3% QoQ, EBITDA at ₹13,612 crore

Reliance Q4 Results Live: The telecom company also posted a 2.3 per cent quarter-to-quarter (QoQ) rise in its revenue from operation for Q4 FY24. Meanwhile, EBITDA saw 2.5 per cent QoQ increase to 13,612 crore.

22 Apr 2024, 05:29:22 PM IST

Reliance Q4 Results Live: Reliance Jio net profit rises 13% yoy at ₹5,337 crore

Reliance Q4 Results Live: RIL's telecom arm Reliance Jio posted a 13 per cent rise in its net profit at 5,337 crore.

22 Apr 2024, 04:59:34 PM IST

Reliance Q4 Results Live: RIL to reveal Jio IPO plans?

Reliance Q4 Results Live: According to analysts, Mukesh Ambani-led conglomerate is likely to announce Jio tariff hikes and IPO plans in the near future.

According to data from the Telecom Regulatory Authority of India (TRAI), the company gained 4.17 million subscribers in January and 359 million in February.

22 Apr 2024, 04:41:24 PM IST

Reliance Q4 Results Live: RIL stock performance

Reliance Q4 Results Live: The share price of RIL has gained nearly 30.92 per cent in the last six months and has grown over 25.65 per cent in the last one year on NSE.

22 Apr 2024, 04:11:52 PM IST

Reliance Q4 Results Live: RIL's last quarter performance

Reliance Q4 Results Live: During the October-December 2023 quarter, RIL reported a consolidated profit after tax (PAT) increase of 10.9%, reaching 19,641 crore, compared to 17,706 crore in the corresponding quarter of 2022. Over the first three quarters of the fiscal year 2023-24 (April-December), the company's profit after tax rose from 52,443 crore to 57,777 crore.

22 Apr 2024, 03:42:40 PM IST

Reliance Q4 Results Live: Reliance share price closed at 0.77% higher 

Reliance Q4 Results Live: The share price of Reliance Industries ended 0.77 per cent higher on Monday's trading session at 2,962 per share ahead of the announcement of Q4 results.

Also read: Q4 Results Today: Reliance, Mahindra Logistics among 22 companies to post Q4 earnings on April 22

22 Apr 2024, 03:18:31 PM IST

Reliance Q4 Results Live: Reliance stock trading in green ahead of Q4 results

Reliance Q4 Results Live: Reliance share price is trading 0.71 per cent higher on Monday's trading session at 2,961, as compared to previous close at 2,940 per share.

22 Apr 2024, 02:35:20 PM IST

Reliance Q4 Results Live: O2C, Digital, Retail EBITDA may grow QoQ: JM Financial

Reliance Q4 Results Live: JM Financial expects Reliance O2C EBITDA to rise 11.8% QoQ to 157 billion due to improvement in GRM to ~$11.2/bbl (vs implied GRM of ~$10/bbl in 3QFY24) driven by improved diesel and petrol cracks; further, it was also aided by higher refining throughput though petchem margin is expected to remain subdued.

E&P EBITDA is estimated to decline 6.8% QoQ to 54 billion due to a rise in profit sharing with govt as per PSC while gas output and price (USD 9.96/mmbtu for 2HFY24) is expected to be largely flattish QoQ.

Digital EBITDA is expected to grow by 2.6% QoQ to 146 billion on account of robust net subs additions of ~10.5 million QoQ, aided by a slight improvement in ARPU to 182.5 (from 181.7 in 3QFY24).

Retail EBITDA is likely to grow by only 0.4% QoQ to 63 billion on a high base of 3QFY24 (on account of strong festive sales in 3QFY24.)

22 Apr 2024, 02:15:09 PM IST

Reliance Q4 Results Live: EBITDA/mt estimated to drop 10% YoY to $91

Reliance Q4 Results Live: Expect consolidated EBITDA to remain flat YoY and standalone EBITDA to rise 1% YoY. Expect production meant for sale at 17.1 mmt, flat YoY. EBITDA/mt is estimated to drop 10% YoY to $91. Further clarity on 750 billion announcements in the new energy business, growth in Retail store additions, and any pricing action in Telecom are the key monitorable, said Motilal Oswal.

22 Apr 2024, 02:00:11 PM IST

Reliance Q4 Results Live: Consolidated EBITDA may jump 5% QoQ 

Reliance Q4 Results Live: Reliance is likely to see a sharp jump in its OTC segment earnings QoQ with an estimated $1 per barrel QoQ improvement in GRMs, better petchem spreads and higher refining throughput (Q3 had a shutdown at some refinery units). Reliance Jio may deliver ~2% QoQ rise in EBITDA, with Reliance Retail EBITDA growing 1.4% QoQ. Overall, consolidated EBITDA may jump 5% QoQ and PAT can rise ~6% QoQ in Q4FY24E, as per ICICI Securities.

22 Apr 2024, 01:48:49 PM IST

Reliance Q4 Results Live: Revenue may grow 4.6% QoQ

Reliance Q4 Results Live: Reliance Industries’ consolidated revenue in Q4FY24 is expected to grow 4.6% to 2,35,475.3 crore from 2,25,086 crore, QoQ, while its net profit may rise 3.6% to 17,882.7 crore from 17,265 crore, QoQ, as per JM Financial estimates. Consolidated EBITDA is expected to increase 3.6% QoQ to 42,115.9 crore, while EBITDA margin mat drop by 18 bps to 17.9%, QoQ.

22 Apr 2024, 01:19:18 PM IST

Reliance Q4 Results Live: RIL’s consolidated EBITDA to rise 8% YoY on a strong performance across verticals, partially offset by weak O2C

Reliance Q4 Results Live: Nuvama Institutional Equities anticipates 8% YoY surge in Reliance Industries EBITDA (+2% QoQ) on account of strong performance across all verticals except O2C. It expects O2C EBITDA to fall 8% YoY (+6% QoQ) on weak refining and petchem. Benchmark Singapore GRMs have fallen 10% YoY (+ 37% QoQ) on weak global product cracks. Nuvama expects RIL ONG's EBITDA to rise ~41% YoY (-8% QoQ) on increased production from KG-D6 block offset by 20% YoY dip in deepwater gas prices (flat QoQ). Retail EBITDA is likely to remain strong (up 28% YoY and 1% QoQ) on higher footfalls. JIO's EBITDA is likely to surge 13% YoY and 4% QoQ on a high subscriber base (up 9% YoY/2% QoQ). ARPU shall likely rise by 3% YoY/ 2% QoQ

22 Apr 2024, 01:08:05 PM IST

Reliance Q4 Results Live: Reliance share price performance

Reliance Q4 Results Live: Reliance share price has gained 14% year-to-date (YTD) and over 25% in the past one year. RIL shares are up over 8% in three months.

22 Apr 2024, 12:33:38 PM IST

Reliance Q4 Results Live: Jio revenue may rise 2.4% QoQ, ARPU to remain flat

Reliance Q4 Results Live: Reliance Jio is expected to report revenue of 25,990 crore, up 2.4% QoQ and EBITDA of 13,760 crore, up 3.6% QoQ, as per Prabhudas Lilladher estimates. It has factored in ARPU of 182, which is likely to be flat QoQ and subscriber addition of 10.2 million in Q4 to 481.1 million.

22 Apr 2024, 12:09:15 PM IST

Reliance Q4 Results Live: Retail EBITDA likely to grow 0.4% - 1% QoQ 

Reliance Q4 Results Live: Reliance Retail EBITDA is likely to grow in the range of 0.4% to 1% QoQ during Q4FY24 on a high base of Q3FY24, on account of strong festive sales in 3QFY24. However, higher footfalls are expected to support retail segment earnings.

22 Apr 2024, 11:53:05 AM IST

Reliance Q4 Results Live: Reliance Digital EBITDA may grow 2.6% QoQ

Reliance Q4 Results Live: Reliance Digital’s operating performance is expected to improve as EBITDA may grow by 2.6% QoQ to 14,600 crore on account of robust net subscriber additions of around 10.5 million QoQ, aided by slight improvement in average revenue per user (ARPU) to 182.5 from 181.7 in Q3FY24, as per JM Financial estimates. 

22 Apr 2024, 11:37:31 AM IST

Reliance Q4 Results Live: Reliance O2C EBITDA expected to rise 11.8% QoQ

Reliance Q4 Results Live: Reliance O2C EBITDA is expected to rise 11.8% QoQ to 15,700 crore due to improvement in GRM to $11.2 per barrel versus implied GRM of $10 per barrel in Q3FY24 driven by improved diesel and petrol cracks; it was also aided by higher refining throughput though petchem margin is expected to remain subdued, as per JM Financial. E&P EBITDA is likely to decline 6.8% QoQ to 5,400 crore due to rise in profit sharing with government as per PSC while gas output and price are expected to be largely flattish QoQ.

22 Apr 2024, 11:19:52 AM IST

Reliance Q4 Results Live: O2C segment to see sharp rebound

Reliance Q4 Results Live: Reliance Industries is likely to see a sharp jump in its Oil-to-Chemical (OTC) segment earnings on a sequential basis with an estimated $1 per bbl QoQ improvement in gross refinery margins (GRMs), better petchem spreads and higher refining throughput.

22 Apr 2024, 11:04:43 AM IST

Reliance Q4 Results Live: Profitability to improve QoQ on better O2C earnings

Reliance Q4 Results Live: Reliance Industries’ profitability is expected to improve sequentially on better O2C earnings. Reliance Jio and Reliance Retail are also expected to continue to deliver robust performance, while E&P should witness steady realization. Going ahead, key things to look for in Reliance Q4 results today is the margin outlook in refinery and petchem businesses.

22 Apr 2024, 10:50:15 AM IST

Reliance Q4 Results Live: RIL likely to post strong revenue, EBITDA growth

Reliance Q4 Results Live: Reliance Industries is estimated to report strong growth in revenue along with operational performance in the fourth quarter of FY24 driven by its telecom and retail businesses. Reliance Industries’ Oil-to-Chemical (O2C) segment is also expected to see a sharp rebound in Q4 over gross refinery margins (GRMs).

22 Apr 2024, 10:36:01 AM IST

Reliance Q4 Results Live: Reliance share price gains ahead of Q4 results today

Reliance Q4 Results Live: Reliance share price traded higher ahead of the announcement of Q4 results today. Reliance shares opened higher at 2,950.00 apiece on the BSE on Monday, as against previous close of 2,941.60. It hit an intraday high of 2,952.05 so far and a low of 2,936.60 per share. At 10:35 am, Reliance share price was trading 0.24% higher at 2,948.80 apiece. 

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