India Business News: Reliance Industries (RIL), led by billionaire Mukesh Ambani, on Monday announced its quarterly earnings for the January to March period. After the release of these results, several brokerages have raised their target prices for the company's stock.
RIL Q4 results today: Prabhudas Lilladher expects RIL to log 10.7 per cent YoY drop in profit at Rs 17,230 crore. PL sees sales rising 13.7 per cent YoY to Rs 2,42,020 crore. Margin is seen at 17.6 per cent, down 50 basis points over 18.1 per cent YoY.
In Q4 FY24, Reliance Retail saw a 9.8% YoY increase in revenue and an 18.1% improvement in Ebitda. For FY24, the company surpassed ₹3 trillion in gross revenue for the first time, with a 17.83% growth. The registered customer base increased by 22.2% YoY.
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.