Reliance Industries to announce Q3FY24 results on 19 January
standalone and consolidated unaudited financial results of the Company for the quarter and nine months ended December 31, 2023," RIL said in a regulatory filing. “A presentation to analysts and media on financial results of the Company for the quarter and nine months ended December 31, 2023, shall be made on the same day after the meeting," it added. The Q3 results will come as the shares of the company recently touched a new 52-week high of ₹2,658.95 on the BSE.
The shares witnessed a fresh rally after Chairman Mukesh Ambani unveiled plans for the commissioning of the Mukesh Ambani Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, expected to take place in the latter half of 2024. Encompassing an expansive 5,000 acres, this endeavor is projected to create a significant number of eco-friendly employment opportunities, foster the manufacturing of environmentally sustainable products and materials, and establish Gujarat as a key player in the export of sustainable goods. Reliance Industries Limited recorded a 27% rise in its net profit for the quarter ending September 2023.
The company's profit after tax (PAT) jumped to ₹17,394 crore, compared to ₹13,656 crore in the corresponding period last year. The surge in the conglomerate's net profit can be attributed to increased EBITDA and a more robust retail sector. During the September quarter, Reliance Retail observed a notable 21 percent growth in net profit, amounting to ₹2,790 crore.
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