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Reliance Industries Q4 FY2024 Results: Revenue Up by 5.59%
Tanushree Jaiswal
23rd April 2024
Key Highlights
- Reliance Industries reported a 5.59% increase in its operating revenue on a quarterly basis reaching ₹ 240,715 cr from ₹227,970 cr.
- PAT marked at ₹21243 cr for Q4 FY 2024, 8.16% up on a QoQ basis.
- EBITDA was up by 16.1% on a YOY basis, reaching ₹178,677 cr.
Business Highlights
- The company’s Profit before Tax (PBT) for the Financial Year ending March 2024 was ₹1,04,727 cr, up by 11.4% on a YOY basis.
- Net profit of Jio Platforms and Reliance Retail crossed ₹20,000 cr and ₹10,000 cr mark.
- The company’s EBITDA for Q4 2024 was ₹47,150 cr, an increase of 14.3% on a YOY basis.
- Reliance also announced a per-share dividend of ₹10.
- RIL’s revenue from its oil and gas segment increased by 42% reaching ₹6468 cr with factors like higher volumes as well as a partial offset on lower prices from KG D6 Field.
- Jio’s ARPU (average revenue per user) increased marginally by 1.5% reaching ₹181.70 per user on a monthly basis.
- RIL’s gross revenue for FY2024 crossed the 1,000,000 cr mark.
- The company’s net debt was reduced to ₹116,281 cr in FY2024 against ₹125,766 cr in FY2023.
Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said, “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.”
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