Reliance Q4 results: Profit jumps 19% to ₹19,299 crore
The Mukesh Ambani-led conglomerate posted a profit of ₹19,299 crore for the fourth quarter.
The Mukesh Ambani-led conglomerate posted a profit of ₹19,299 crore for the fourth quarter.
Reliance is expected to report single-digit growth in its top and bottom lines, while consolidated EBITDA is seen growing double-digit year-on-year in Q4 FY23.
Shares of Reliance Industries have been falling for the last six sessions and have plunged 9.5% during the same period.
For the full financial year FY22, the net profit rose 26.2% YoY to ₹67,845 crore, while gross revenue jumped 47% YoY to ₹792,756 crore.
RIL share price has been falling for the past five sessions and declined 8.4% during this period to hit a three-week low of ₹2,602.40 on the BSE.