According to the company’s stock exchange filing, RIL’s net profit for the quarter stood at ₹18,951 crore, marginally down from ₹19,299 crore recorded in the corresponding period last year. Despite this, the conglomerate witnessed a robust performance across various segments.
Robust Performance Across Segments:
RIL‘s gross revenue for the quarter marked a significant increase of 10.8%, reaching ₹2,64,834 crore. The company’s board, convening on Monday, declared a dividend of ₹10 per share, reflecting confidence in its operational strength and financial stability.
For the fiscal year 2023-24, RIL reported a consolidated profit after tax growth of 4.37%, amounting to ₹69,621 crore. The company’s consolidated gross revenue for the year grew by 2.6% to ₹10,00,122 crore.
Mukesh Ambani, Chairm
an and Managing Director of RIL, expressed satisfaction with the overall performance, stating, “All segments have posted a robust financial and operating performance.” He specifically highlighted the expansion of the digital services segment, driven by the increase in subscriber base for mobility and fixed wireless services.
Key Highlights from Reliance Segments:
Jio Platforms: Reported a 12% growth in consolidated PAT to ₹5,583 crore for Q4, with gross revenue growing by 13.3% to ₹33,835 crore.
Reliance Retail Ventures Ltd.: Recorded an 11.7% growth in Q4 PAT, reaching ₹2,698 crore, with gross revenue increasing by 10.6% to ₹76,627 crore.
Oil to Chemicals (O2C) Business: Experienced a 10.9% growth in revenue at ₹1,42,634 crore, with EBITDA growing by 3% to ₹16,777 crore. Ambani emphasized the company’s commitment to the new energy segment for sustainable growth in the future.
Future Outlook
Despite facing challenges in downstream chemical industries due to market conditions, RIL remains optimistic about its growth trajectory. Ambani reiterated the company’s dedication to innovation and sustainability, positioning itself as a leader in the evolving energy landscape.
As RIL continues to navigate through dynamic market landscapes, its diversified portfolio and strategic investments are expected to play a pivotal role in driving sustained growth and value creation for stakeholders.
