Reliance Industries Ltd. (RIL) reported consolidated revenue after tax (PAT) for the fourth quarter ended March 31, 2024 dropped by about 2% to ₹18,951 crore from ₹19,299 crore within the 12 months in the past interval, firm mentioned in a regulatory submitting.
Gross income for the quarter grew 10.8% to ₹2,64,834 crore. The firm’s board at its assembly held on Monday declared a dividend of ₹10 per share.
For FY24, RIL reported PAT grew 4.37% to ₹69,621 crore. Consolidated gross income for the 12 months grew 2.6% to ₹10,00,122 crore.
Mukesh Ambani, CMD, RIL mentioned, “All segments have posted a robust financial and operatingperformance.” He mentioned the efficiency of the digital companies section had been boosted by growth of subscriberbase of mobility and stuck wi-fi companies.
“With over 108 million 5G customers, Jio truly leads the 5G transformation in India,” he mentioned.
Jio Platforms reported consolidated PAT grew 12% to ₹5,583 crore for Q4. Gross income grew 13.3% to ₹33,835 crore.
Reliance Retail Ventures Ltd. reported 11.7% development in Q4 PAT at ₹2,698 crore. Gross income for the quarter elevated 10.6% to ₹76,627 crore.
On the Oil to Chemicals (O2C) enterprise Mr. Ambani mentioned, “strong demand for fuels globally, and limited flexibility in refining system worldwide, supported marginsand profitability… Downstream chemical industry experienced increasingly challenging market conditions through the year.” The O2C enterprise reported 10.9% development in income at ₹1,42,634 crore. Its EBITDA grew 3% to ₹16,777 crore.
Mr. Ambani mentioned RIL is dedicated to the brand new vitality seegment, to assist “deliver sustainable growth for the future”.
The oil and fuel enterprise reported income development of 42% to ₹6468 crore. Its EBITDA grew 47.5% to ₹5,606 crore.
