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Reliance Industries Ltd’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Key Metrics and Growth Analysis

April 25, 2024April 25, 2024| adminadmin| 0 Comments| 6:25 am
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 11.25% in the past year Substantial increase in net sales/revenue by 5.59%.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 57.14%Marginal increase in other income during this quarter, up by 15.22%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Reliance Industries Ltd. Profit dropped by -0.39% Year to YearReliance Industries Ltd’s profitability increased by 8.16% in this quarter.
  • EPS over the Year and quarter: EPS declined by -1.79% Year to Year.EPS increased by 9.76%. Positive impact on shareholders.
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The comprehensive analytics outlining the performance and outlook of Reliance Industries Ltd”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 216376 Cr Rs. 227970 Cr Rs. 240715 Cr + 5.59% + 11.25%
Expenses Rs. 177936 Cr Rs. 187314 Cr Rs. 198199 Cr + 5.81% + 11.39%
Operating Profit Rs. 38440 Cr Rs. 40656 Cr Rs. 42516 Cr + 4.57% + 10.6%
OPM % 17.77 % 17.83 % 17.66 % -0.17% -0.11%
Other Income Rs. 2949 Cr Rs. 4022 Cr Rs. 4634 Cr + 15.22% + 57.14%
Interest Rs. 5819 Cr Rs. 5789 Cr Rs. 5761 Cr -0.48% -1%
Depreciation Rs. 11456 Cr Rs. 12903 Cr Rs. 13569 Cr + 5.16% + 18.44%
Profit before tax Rs. 24114 Cr Rs. 25986 Cr Rs. 27820 Cr + 7.06% + 15.37%
Tax % 11.57 % 24.56 % 23.73 % -0.83% + 12.16%
Net Profit Rs. 21327 Cr Rs. 19641 Cr Rs. 21243 Cr + 8.16% -0.39%
EPS in Rs Rs. 28.52 Rs. 25.52 Rs. 28.01 + 9.76% -1.79%


Today, we’re looking at Reliance Industries Ltd’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 11.25%. However, it did see a marginal increase of 5.59% from the previous quarter.Expenses ticked up slightly by 5.81% quarter-on-quarter, aligning with the annual rise of 11.39%. Operating profit, while up 10.6% compared to last year, faced a quarter-on-quarter increase of 4.57%, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.11%, but a shrinkage of -0.17% sequentially. Other income rose by 15.22% compared to the last quarter,despite an annual growth of 57.14%. Interest expenses dropped significantly by -0.48% from the previous quarter, yet the year-over-year decrease remains at a moderate -1%. Depreciation costs climbed by 5.16% quarter-on-quarter, whereas on an annual scale, they saw an increase of 18.44%. Profit before tax grew annually by 15.37% but saw an increase from the preceding quarter by 7.06%.
Tax expenses as a percentage of profits increased slightly by 12.16% compared to last year, with a more notable quarter-on-quarter decrease of -0.83%. Net profit fell by -0.39% year-on-yearbut experienced a 8.16% expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -1.79% but a quarterly rise of 9.76%. In summary, Reliance Industries Ltd’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 216376 Cr Rs. 227970 Cr Rs. 240715 Cr + 5.59% + 11.25%
Expenses Rs. 177936 Cr Rs. 187314 Cr Rs. 198199 Cr + 5.81% + 11.39%
Operating Profit Rs. 38440 Cr Rs. 40656 Cr Rs. 42516 Cr + 4.57% + 10.6%
Net Profit Rs. 21327 Cr Rs. 19641 Cr Rs. 21243 Cr + 8.16% -0.39%
EPS in Rs Rs. 28.52 Rs. 25.52 Rs. 28.01 + 9.76% -1.79%


In reviewing Reliance Industries Ltd’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 13.62% year-on-year growth, however, there was a minor increase of 5.59% from the previous quarter. Expenses rose by 11.39% compared to the previous year, with a 5.81% increase quarter-on-quarter. Operating Profit surged by 10.6% annually, and saw a 4.57% increase from the last quarter.
Net Profit showed yearly decrease of -0.39%, and experienced a 8.16% increase from the previous quarter. Earnings Per Share (EPS) fell by -1.79% annually, however rose by 9.76% compared to the last quarter. In essence, while Reliance Industries Ltd exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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