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Reliance share price: Reliance Industries reported a 10.8 per cent decline in net profit for Q1FY24, due to weak performance in its oil-to-chemical business. Shares of RIL are down about half-a-per cent for the year. ....
RIL s profit fell to ₹18,258 crore, from ₹19,443 crore. Adjusted for ownership in subsidiaries, consolidated net profit for the quarter attributable to shareholders was ₹16,011 crore, down from ₹17,955 crore a year earlier. The O2C weakness was due to the base effect due to the Ukraine war, said the company. ....
Reliance Industries (RIL) has announced a dividend of INR 9 ($0.12) per share for the fiscal year ended March 31, 2023, subject to company approval, marking the first dividend for nearly a year. The conglomerate also reported Q1 net profit of INR 160.11bn ($2.14bn), down 11% YoY, and revenue of INR 211,000 crore, down 5% YoY. ....