AMN
RIL Q4 Results: Revenue from operations surged 11% year-on-year to Rs 2.4 lakh crore in the reporting period, compared with Rs 2.16 lakh crore in the same period a year ago. The company’s operating profit (EBITDA) recorded a strong growth of 14% year-on-year to Rs 47,150 crore in the quarter under review.
Mukesh Ambani’s RIL, posted its fourth quarter financial results today April 22. The conglomerate reported a 1.8% decrease in its net profit to ₹18,951 crore compared to the previous year. However, revenue saw an 11% increase, reaching ₹240,715 crore for the quarter ending on March 31, 2024. Furthermore, EBITDA experienced a year-on-year growth of 16.1%, reaching ₹178,677 crore.
The conglomerate also announced an interim dividend ₹10 per equity share for the financial year ended March 31, 2024.
Revenue from operations surged 11% year-on-year to Rs 2.4 lakh crore in the reporting period, compared with Rs 2.16 lakh crore in the previous year quarter.
Reliance Q4 Results Live: Revenue grows by 11% to ₹240,715 crore
Reliance Q4 Results Live: RIL disclosed an 11 per cent increase in consolidated revenue from operations, amounting to ₹240,715 crore for the quarter concluded on 31st March 2024. This figure marks a significant rise from the ₹2.16 lakh crore revenue reported in the corresponding period of the previous year.
Reliance Q4 results LIVE updates: Annual net profit of Reliance Retail crosses Rs 10,000-crore mark
–Quarterly revenue at rs 76,627 crore, up 10.6% y-o-y
–Quarterly ebitda at rs 5,823 crore, up 18.5% y-o-y
–Total footfall of 272 million across formats; 562 new stores opened
“Reliance Retail continues to deliver steady performance led by growth across consumption baskets. We continue to invest and innovate across formats and products to improve our customer value proposition and serve evolving consumer needs. Robust expansion and growth of our retail business signifies our commitment to customer centricity and confidence in India’s consumption story,” said Isha M. Ambani, Executive Director, Reliance Retail Ventures Limited.
Mukesh Ambani on Reliance Retail performance
“Reliance Retail continued to provide customers endless choices through its robust omni-channel presence. We continue to offer product differentiation and superior offline experience through stores remodelling and revamping of layouts. Our digital commerce platforms also provide newer solutions to users with a broad brand catalogue. Reliance Retail also works towards strengthening millions of merchants through its unique initiatives in new commerce space.”
Reliance Q4 results LIVE updates: Mukesh Ambani on Jio’s robust performance
“Performance of the digital services segment has been boosted by accelerated expansion of subscriber base, supported by both mobility and fixed wireless services. With over 108 million True 5G customers, Jio truly leads the 5G transformation in India. From upgrading the hitherto 2G users to smartphones, to leading the effort of producing AI-driven solutions, Jio has proved its capability in strengthening the nation’s digital infrastructure.”