Q1 Results 2023: Indian multinational Reliance Industries Limited (RIL) will announce its first quarter earnings for the financial year 2023-24. The Board of Directors of the Sensex heavyweight is going to consider and approve the consolidated and unaudited financial results of the company on July 21, 2023. RIL informed Indian stock market exchanges about the board meeting date and agenda in its latest exchange filing on Friday.
Q1 Results 2023: Indian multinational Reliance Industries Limited (RIL) will announce its first quarter earnings for the financial year 2023-24. The Board of Directors of the Sensex heavyweight is going to consider and approve the consolidated and unaudited financial results of the company on July 21, 2023. RIL informed Indian stock market exchanges about the board meeting date and agenda in its latest exchange filing on Friday.
In informing the Indian stock exchanges about Q1 2023 results, RIL said, “We wish to inform you in accordance with Regulation 29 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations) and other applicable provisions.”), June 30- A meeting of the Board of Directors of the Company is scheduled to be held on Friday, July 21, 2023 to consider and approve the consolidated and consolidated unaudited financial results of the Company for the quarter ended on 2023.”
In informing the Indian stock exchanges about Q1 2023 results, RIL said, “We wish to inform you in accordance with Regulation 29 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations) and other applicable provisions.”), June 30- A meeting of the Board of Directors of the Company is scheduled to be held on Friday, July 21, 2023 to consider and approve the consolidated and consolidated unaudited financial results of the Company for the quarter ended on 2023.”
RIL’s Q1 earnings this financial year will be a major event for the Indian stock market as the Fortune 500 company announced the spin-off of Jio Financial from RIL. It has already announced the Jio Financial Services demerger record date of July 20, 2023, a day before the RIL Q1 2023 results.
RIL’s Q1 earnings this financial year will be a major event for the Indian stock market as the Fortune 500 company announced the spin-off of Jio Financial from RIL. It has already announced the Jio Financial Services demerger record date of July 20, 2023, a day before the RIL Q1 2023 results.
RIL Q4 Results 2023
In Q4GY23, the blue-chip giant beat street expectations by posting double-digit profitability growth for the quarter ended March 2023 (Q4FY23). RIL reported that it exceeded its consolidated annual EBITDA benchmark ₹150,000 crore for the first time in FY 2023, an increase of 23.1 percent. ₹125,687 crore for the financial year. During Q4FY23, the company recorded an EBITDA of ₹41,389 crores, an increase of 21.8 percent ₹33,968 crore in the fourth quarter of 2222.
RIL Q4 Results 2023
In Q4GY23, the blue-chip giant beat street expectations by posting double-digit profitability growth for the quarter ended March 2023 (Q4FY23). RIL reported that it exceeded its consolidated annual EBITDA benchmark ₹150,000 crore for the first time in FY 2023, an increase of 23.1 percent. ₹125,687 crore for the financial year. During Q4FY23, the company recorded an EBITDA of ₹41,389 crores, an increase of 21.8 percent ₹33,968 crore in the fourth quarter of 2222.
In its Q4 2023 results, Reliance Industries reported a 43.2 percent year-on-year increase in its depreciation. ₹11,456 crore ($1.4 billion) from ₹8,001 crore in the fourth quarter of 2222. Depreciation increased by 35.3 percent ₹40,319 crore ($4.9 billion) in FY23 ₹29,797 crore in FY22 due to expanded asset base across all businesses and higher network utilization in digital services business.
In its Q4 2023 results, Reliance Industries reported a 43.2 percent year-on-year increase in its depreciation. ₹11,456 crore ($1.4 billion) from ₹8,001 crore in the fourth quarter of 2222. Depreciation increased by 35.3 percent ₹40,319 crore ($4.9 billion) in FY23 ₹29,797 crore in FY22 due to expanded asset base across all businesses and higher network utilization in digital services business.