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.
| 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.
