Reliance Industries announced a Rs 10 dividend per share for the fiscal year ending March 31, 2024. Q1 net profit dropped 2% to Rs 18,951 crore, while revenue rose 11% to Rs 2.4 lakh crore.
RIL Q4 earnings: RIL's capex fell to Rs 23,207 crore in the March quarter against Rs 30,102 crore in December and Rs 44,413 crore in the year-ago quarter.
Most analysts are confident about the prospects of RIL as its various business segments are expected to deliver robust growth in the future. The capex cycle is also expected to peak after the 5G rollout, which is likely to improve free cash flow and entail debt reduction. Know what analysts are saying about RIL s future