Reliance Industries Q1 Results: The net profit of the country’s most valuable company Reliance Industries Limited (RIL) fell by 5.4 percent to Rs 15,138 crore in the June quarter of the current financial year. Profits have come down due to a drop in refining margins and high depreciation costs. Reliance Industries said in a notice to the stock market on Friday evening that it earned an integrated net profit of Rs 15,138 crore i.e. Rs 22.37 per share in the April-June 2024 quarter. Its net profit in the same period a year ago was Rs 16,011 crore i.e. Rs 23.66 per share. Earlier in the January-March quarter, the company’s profit was Rs 18,951 crore.
2.36 lakh crore tax revenue
In this way, the company’s profit declined sequentially by 20 percent in the last quarter. Reliance Industries’ operating revenue rose to Rs 2.36 lakh crore in the quarter under review. Whereas in the period April-June 2023, it had earned a revenue of Rs 2.10 lakh crore.
Market cap is Rs 21.03 lakh crore
On Friday, the last trading day of the week on the Bombay Stock Exchange, the stock of Reliance Industries Limited closed at Rs 3109.50, down 1.92 per cent or Rs 60.85. The 52-week high of this stock is Rs 3,217.90. At the same time, the 52-week low is Rs 2,221.05. The market cap of the company closed at Rs 21,03,829.74 crore on BSE today.
