Reliance Industries Reports Positive Q4 Results, Net Profit Margin Decreases Slightly
Net Profit - Quarterly: Highest at Rs 14,894.00 cr in the last five quarters. Net profit has decreased by 4.5% compared to the previous quarter. Net Profit Margin - Quarterly: Highest at 6.29% in the last five quarters. Net profit margin has decreased by 0.3% compared to the previous quarter.
Reliance Industries, a largecap company in the oil exploration and refineries industry, has recently announced its financial results for the quarter ending March 2024. According to the latest report, the company has shown positive performance with a score of 6, which is an improvement from 0 in the last 3 months.
One of the key factors contributing to this positive performance is the company's ability to manage interest payments, with an operating profit to interest ratio of 7.38 times, the highest in the last five quarters. Additionally, the net sales for the quarter were at Rs 236,533.00 crore, the highest in the last five quarters, indicating a positive trend in sales.
The operating profit (PBDIT) for the quarter was also at its highest at Rs 42,516.00 crore, showing a positive trend in the company's near-term profitability. The profit before tax less other income (PBT) was also at its highest at Rs 23,286.00 crore, indicating a positive trend in the company's near-term PBT.
However, there are some areas that are not working in favor of Reliance Industries based on the March 2024 financials. The non-operating income for the quarter was at its highest at Rs 4,534.00 crore, which may not be sustainable in the long run. Additionally, the net profit for the quarter was at its highest at Rs 14,894.00 crore, but it has decreased by 4.5% compared to the previous quarter. The net profit margin was also at its highest at 6.29%, but it has decreased by 0.3% compared to the previous quarter.
Overall, Reliance Industries has shown positive financial performance in the quarter ending March 2024, with some areas of concern that need to be addressed. MarketsMOJO has given a 'Hold' call for the company's stock, indicating a neutral stance for investors.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
{{text.big_txt}}
{{text .small_txt}}
{{dashverdictresult.dashboard.stock_details.short_name}}
SEND BY EMAIL
Register now to see if the stock’s characteristics match your investment style
Subscribe now to see if the stock's characteristics match your investment style
{{dashverdictresult.dashboard.risk_return_voltality.risk_type}}, {{dashverdictresult.dashboard.risk_return_voltality.return_type}}
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
Create your portfolio and know how much should this stock be in your portfolio
Subscribe now to know how much you should hold in this stock
We have found 2 better stocks that you can consider
{{dashverdictresult.dashboard.return_text}}
Investors Returns (3 years) –
| Period | 6M | 1Y | 2Y | 3Y |
| {{ keyd.val }} | ||||
| {{ keyd.val }} |
Quality: {{dashverdictresult.dashboard.dotsummary.q_txt}}
Valuation: {{dashverdictresult.dashboard.dotsummary.v_txt}}
Quarterly Financial Trend: {{dashverdictresult.dashboard.dotsummary.f_txt}}
Technicals: {{dashverdictresult.dashboard.dotsummary.tech_txt}}
Stock Info:
BSE – {{dashverdictresult.dashboard.stock_details.scripcode}}/ NSE – {{dashverdictresult.dashboard.stock_details.symbol}}
Market Cap – {{dashverdictresult.dashboard.priceinfo.mcap_class}} (Rs. {{dashverdictresult.dashboard.priceinfo.mcap| number :0}} cr)
Sector – {{dashverdictresult.dashboard.stock_details.ind_name}}
52 w H/L (Rs.) – {{dashverdictresult.dashboard.priceinfo.wk_high52}}/{{dashverdictresult.dashboard.priceinfo.wk_low52}}
Average vol (6M) – {{dashverdictresult.dashboard.priceinfo.vol}}
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
