The net profit was pegged at Rs 5,337 crore for just-ended quarter, up from Rs 4,716 crore in the fourth quarter of FY23, which translated into a 13.16 per cent increase.
RIL Q4 Results preview: Clarity on the Rs 75,000 crore worth of announcements in the new energy business, growth in retail store additions, and any pricing action in telecom will be the key monitorables.
Stocks in focus today: Mounting uncertainty in both global and domestic markets has kept Indian equities highly volatile. Reliance Industries, Hindustan Zinc, ICICI Bank among stocks to watch on Monday, April 24, 2023.
During Q4FY23, Ambani s oil-to-energy empire registered a PAT of ₹19,299 crore up by 19.11% YoY and 22.21% QoQ. EBITDA came in at ₹41,389 crore up by 21.8% YoY. O2C business reported a record EBITDA of ₹16,293 crore in Q4FY23 surging by 14.4%.