Reliance Industries gains on reporting an 18% rise in Q4 consolidated net profit!

Reliance Industries (RIL) has reported results for the fourth quarter (Q4) and the year ending March 31, 2023.         

Quarter and Annual Results 

On a consolidated basis, the company has reported a rise of 18.35% in its net profit at Rs 21,327 crore for the fourth quarter that ended March 31, 2023, as compared to Rs 18,021 crore for the same quarter in the previous year. The total income of the company increased by 2.31% at Rs 219,294 crore for Q4FY23 as compared to Rs 214,344 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, on a consolidated basis, the company has reported a 9.20% rise in its net profit at Rs 74,088 crore as compared to Rs 67,845 crore for the previous year. Total income of the company increased by 22.83% at Rs 904,770 crore for the year under review as compared to Rs 736,581 crore for the year ended March 31, 2022.

Share price movement of Reliance Industries Limited    

Today, the stock opened at Rs 2365, with a high and low of Rs 2382.90 and Rs 2348.70. The stock closed trading at Rs 2357.15, up by 0.35%.  

The stock has a 52-week high of Rs 2855 and a 52-week low of Rs 2180.00. The company has ROE and ROCE of 8.33 and 10.1 and a market capitalisation of Rs 15,94,751.10 crore.     

Company profile 

Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India. It has evolved from being a textiles and polyester company to an integrated player across energy, materials, retail, entertainment and digital services. Reliance's products and services portfolio touches almost all Indians daily, across economic and social spectrums.