RIL net profit falls1.8% to Rs 18,951 cr yoy, revenue up 10.8 % on 02C, consumer biz

Reliance Industries on Monday posted net profit of Rs 18,951 crore in the March quarter (Q4) of FY24, a 1.8 per cent decrease in its net profit compared to the previous year but revenue at Rs 264,834 crore grew 10.8 per cent year-on-year, supported by double-digit growth in oil to chemical and consumer business.

- NIVEDITA MUKHERJEE

Furthermore, EBITDA saw a yoy growth of 16.1 per cent, reaching Rs178,677 crore with positive contribution from all key operating segments. The conglomerate also announced an interim dividend Rs10 per equity share for the financial year ended 31 March, 2024.

On an annual basis, RIL's Egross revenue at Rs 1,000,122 crore (USD 119.9 billion), was up 2.6 per cent yoy, supported by continued growth momentum in consumer - businesses and upstream business. Revenue for JPL increased by 11.7 per cent -yoy, led by robust subscriber - growth of 42.4 million across mobility and homes and benefit of mix improvement in ARPU. Revenue for RRVL grew by 17.8 per cent you with strong growth across all consumption baskets, gross area addition of 15.6 million square feet and record footfalls of over a one billion.