Reliance Q1FY24 Results: Consolidated PAT Down to Rs. 16,011 Cr

Reliance Brands acquires majority rights of Superdry IP for India

Reliance Q1 results show revenue fell from 2,19,140 crores to 2,14,644 crores, a 2.05% decrease in growth. EPS down from ₹28.37 to ₹23.66, down by 16.60%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Reliance shared its Q1 results on Tuesday. They earned 2,14,644 crores in revenue this quarter, but that’s less than the 2,19,140 crores they made last quarter. Unfortunately, the company’s growth decreased by 2.05 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 16,011 crores, down from 19,299 crores in the previous quarter. Their quarter-to-quarter growth decreased by 17.04 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹23.66, which is a decrease of 16.60% from the ₹28.37 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2,14,644 crores this year (2023), which is 4.56 percent lower than last year’s total revenue of 2,24,901 crores.

This year’s PAT (Profit After Tax) is 16,011 crores, which is also 10.83% lower than last year’s PAT of 17,955 crores.

The EPS (Earnings Per Share) for this year is ₹23.66, which is 10.65% less than the EPS of ₹26.48 earned last year.

Also Read: Ramkrishna Forgings Q1FY24 Results: Consolidated PAT Rises to Rs. 78.52 Cr

Reliance Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Reliance :

Reliance Industries Limited, based in Mumbai, is a multinational conglomerate with diverse business interests across several industries. Their operations extend to energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles, showcasing the company’s broad range of businesses.

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