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Ventura Wealth Clients
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Reliance Industries Limited (RIL), the Indian conglomerate helmed by Mukesh Ambani, released its Q4 FY24 results on April 22, 2024. If you invest in stocks, read this blog to know how the largest Indian organisation performed in the final quarter of FY23-24. The report presented a mixed picture, with strong revenue growth but a slight decline in net profit. Let's delve deeper into the Reliance Industries Q4 results.

Reliance Industries revenue growth

  • RIL's consolidated revenue from operations for Q4 FY24 witnessed an impressive 11% rise to Rs 2.40 lakh crore compared to Rs 2.16 lakh crore in the corresponding quarter last year.
  • This robust revenue growth indicates continued momentum across RIL's diverse business segments.

Profit decline

  • However, net profit for the quarter fell slightly by 1.8% to Rs 18,951 crore compared to Rs 19,299 crore in the previous year.
  • While this is a minor decline, it might raise questions about RIL's profitability trajectory.

Exceeding expectations

  • Despite the profit dip, RIL's net profit figures surpassed analyst expectations. Analysts predicted a 5.7% drop in net profit, highlighting RIL's ability to manage costs effectively.

Full-year performance of RIL

  • Looking at the full year (FY24), RIL reported a record annual profit of Rs 69,621 crore, showcasing the company's overall financial strength.
  • Annual consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also displayed strong growth, rising 16.1% YoY (Year-over-Year) to Rs 1,78,677 crore.

Reliance Industries dividend announcement

  • RIL declared a dividend of Rs 10 per share, which reflects the company's commitment to shareholder returns.

Market reaction

  • Despite the positive aspects of the report, RIL's shares remained relatively flat on the Bombay Stock Exchange (BSE) on April 22nd. Investors might be seeking more clarity on the reasons behind the slight profit decline.

Looking ahead

RIL's Q4 FY24 results present a contrasting picture. While revenue growth is encouraging, a deeper analysis is needed to understand the factors behind the minor dip in net profit. Future performance will depend on RIL's ability to optimise costs, capitalise on growth opportunities across its businesses, and maintain profitability in a competitive environment. Investors will be keenly awaiting further details and insights from RIL's management regarding their future strategies and outlook.

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