Q4 Results: Reliance Industries declares interim dividend of ₹10 per equity share

In a stock exchange filing, Reliance Industries Ltd said the board of directors “Recommended a dividend of Rs. 10.00 per equity share of Rs. 10/- each for the financial year ended March 31, 2024.” 

ALSO READ: Reliance Q4 result: Revenue up 11% YoY, PAT comes almost flat; key highlights

Reliance Earnings

Billionaire Mukesh Ambani-led RIL on Monday announced its financial results for the fourth quarter (January-March period) of fiscal year 2024 (FY24). 

The company said its consolidated profit for the fourth quarter dropped about 2 per cent to ₹18,951 crore. 

However, the profit was higher quarter-on-quarter when compared to ₹17,265 crore in October-December period of the fiscal year 2024.

Its consolidated revenue rose 11.6 per cent to ₹2.41 lakh crore. 

ALSO READ: Reliance Retail Q4FY24 results: Net profit rises 11.7% YoY to ₹2,698 crore

Revenue from the oil-to-chemicals unit rose 10.9 per cent, primarily driven by improved price realisation for transportation fuels and higher volumes.

Reliance Industries also said that its total expenses surged by 11.8 per cent, mainly due to higher depreciation and amortisation costs.

Its EBITDA (earnings before interest, taxes, depreciation, and amortization) for the March quarter rose 14.3 per cent year-on-year to ₹47,150 crore, registering growth across all businesses.

For the full fiscal year 2024, Reliance reported a record net profit at ₹69,621 crore as compared to ₹66,702 crore in the preceding financial year.

Reliance Jio

RIL’s digital services arm Reliance Jio Infocomm Ltd posted a 12 per cent rise in net profit at ₹5,583 crore in the fourth quarter of FY24, boosted by subscriber additions.

Its consumer base swelled to 481.8 million from 470.9 million at the end of December 2023.

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Published: 22 Apr 2024, 07:29 PM IST