Reliance Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 22, 2024 at 09:31 am EDT
Share
Reliance Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 2,648,340 million compared to INR 2,389,570 million a year ago. Revenue was INR 2,452,490 million compared to INR 2,191,400 million a year ago. Net income was INR 189,510 million compared to INR 192,990 million a year ago. Basic earnings per share from continuing operations was INR 28.01 compared to INR 28.37 a year ago. Diluted earnings per share from continuing operations was INR 28.01 compared to INR 28.37 a year ago. Basic earnings per share was INR 28.01 compared to INR 28.52 a year ago. Diluted earnings per share from continuing operations was INR 28.01 compared to INR 28.52 a year ago.
For the full year, sales was INR 10,001,220 million compared to INR 9,748,640 million a year ago. Revenue was INR 9,305,290 million compared to INR 9,030,450 million a year ago. Net income was INR 696,210 million compared to INR 667,020 million a year ago. Basic earnings per share from continuing operations was INR 102.90 compared to INR 97.97 a year ago. Diluted earnings per share from continuing operations was INR 102.90 compared to INR 97.97 a year ago. Basic earnings per share was INR 102.90 compared to INR 98.59 a year ago. Diluted earnings per share from continuing operations was INR 102.90 compared to INR 98.59 a year ago.
Reliance Industries Ltd is a diversified group organized around 6 areas of activity:
- refining of petroleum products (58.4% of net sales): liquefied petroleum gas, propylene, naphtha, gasoline, kerosene, etc. At the end of March 2021, the group operated a refinery in India. The group also produces petrochemicals (polyethylene, polypropylene, polyvinyl chloride, polyester, purified terephthalic acid, paraxylene, ethylene, olefins, benzene, butadiene, acrylonitrile and caustic soda);
- distribution of consumer products (28.3%): distribution of food products, clothing and accessories, consumer electronics, etc. through a network of 12,711 stores in India;
- digital services (5.1%);
- exploration and production of crude oil and natural gas (0.3%);
- financial services (0.2%);
- other (7.7%): telecommunications and media services, textile manufacturing, etc.
India accounts for 61.5% of net sales.