Reliance Industries' Financial Report Shows Decline in Q2 FY25 Performance
Reliance Industries, a leading player in the oil exploration and refineries industry, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.
According to the financial report, Reliance Industries has seen a flat performance in the quarter, with a score of -5 compared to 6 in the previous quarter. This decline can be attributed to various factors, as highlighted by the financial data.
One of the major concerns for the company is the decrease in Profit Before Tax (PBT) less Other Income, which has fallen by 13% compared to the average PBT of the previous four quarters. This trend is expected to continue in the near term, indicating a negative outlook for PBT.
Similarly, the Profit After Tax (PAT) has also seen a decline of 13% compared to the average PAT of the previous four quarters. This is a cause for concern as it reflects a negative trend in the company’s profitability.
Moreover, the PBT less Other Income for the quarter is the lowest in the last five quarters, further highlighting the negative trend in the company’s financial performance.
Based on these financials, it is evident that Reliance Industries has not performed well in the quarter ending September 2024. Investors are advised to hold their stocks and monitor the company’s performance closely in the coming months.
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