RIL Q4 Earnings Report: PAT Dips Slightly Despite Record Yearly Profits

Reliance Industries Limited (RIL), led by Mukesh Ambani, has announced its financial results for the fourth quarter of the fiscal year ending March 31, 2024. Despite a modest decline of nearly 2% in quarterly profits, the conglomerate reported a Profit After Tax (PAT) of Rs 18,951 crore ($2.27 billion) for the quarter. The dip in quarterly earnings was attributed to increased expenses. However, the company’s annual performance painted a different picture with record highs in several financial metrics.

RIL Q4 and Annual Financial Highlights:

1. Annual Revenue and Earnings: RIL’s consolidated revenue reached a landmark Rs 1,000,122 crore ($119.9 billion), marking a 2.6% increase year-over-year. The annual consolidated EBITDA stood at Rs 178,677 crore ($21.4 billion), up 16.1% from the previous year, showcasing significant operational growth.
2. Profit Before Tax (PBT): The company’s annual PBT surpassed Rs 100,000 crore, reaching Rs 1,04,727 crore ($12.6 billion), an 11.4% increase year-over-year, highlighting robust pre-tax profitability.
3. Segment-Specific Profits: Both Jio Platforms and Reliance Retail reported substantial annual net profits, crossing Rs 20,000 crore and Rs 10,000 crore respectively, underscoring strong performance in digital services and retail sectors.
4. Quarterly Performance: The quarterly consolidated EBITDA rose by 14.3% year-over-year to Rs 47,150 crore ($5.7 billion), reflecting continued operational strength despite market challenges.
5. Dividend Announcement: RIL declared a dividend of ₹10 per share, rewarding shareholders for the company’s strong financial performance.
6. Stock Market Response: Before the announcement of the Q4 results, RIL shares saw a slight increase, closing at Rs 2,960.60, up 0.65% on the Bombay Stock Exchange.

These results not only reflect RIL’s resilience in a dynamic economic environment but also its ability to maintain growth momentum across its diverse business verticals. The company continues to build on its strengths in retail, digital services, and energy sectors, setting the stage for future expansions and investments. Further updates and detailed analysis are expected as the company continues to unfold its strategic initiatives for the coming fiscal year.