Reliance Industries to declare Q1 results 2023 next week. Details here

Informing Indian bourses about the Q1 results 2023 date, RIL said, “We wish to inform you that pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), a meeting of the Board of Directors of the Company is scheduled to be held on Friday, July 21, 2023, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter ended June 30, 2023.”

RIL’s Q1 earnings for the current fiscal will be an important event for the Indian stock market as the Fortune 500 company has declared Jio Financial demerger from RIL. It has already announced Jio Financial Services demerger record date on 20th July 2023, just one day ahead of the RIL Q1 results 2023.

RIL Q4 results 2023

In Q4GY23, the blue-chip giant outperformed street expectations by recording double-digit profitability growth in the quarter ending March 2023 (Q4FY23). RIL informed that its consolidated annual EBITDA crossed benchmark of ₹150,000 crore for the first time during FY23 up by 23.1 per cent YoY from ₹125,687 crore in FY22. During Q4FY23, the company recorded an EBITDA of ₹41,389 crore up by 21.8 per cent YoY from ₹33,968 crore during 4Q FY22.

In Q4 results 2023, Reliance Industries reported that its depreciation grew by 43.2 per cent Y-o-Y to ₹11,456 crore ($ 1.4 billion) from ₹8,001 crore during 4Q FY22. Depreciation grew by 35.3 per cent Y-o-Y to ₹40,319 crore in FY23 ($ 4.9 billion) from ₹29,797 crore in FY22 due to an expanded asset base across all the businesses and higher network utilization in digital services business.

Updated: 15 Jul 2023, 07:00 AM IST