On 19th April, Reliance Industries stock closed at ₹2941.6, with a 0.46% increase from the previous day. The net change was ₹13.45 higher than yesterday’s closing price of ₹2928.15.
Reliance Q4 Results 2024 Date and Time: Reliance Industries Limited (RIL), is going to announce its quarterly earnings today, i.e. on April 22, 2024 for the quarter ended in March 2024. The company may also announce a dividend for its shareholders.
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Reliance Industries (RIL) Q4 2024 Result Date and Time
“A meeting of the Board of Directors of the Company is scheduled to be held on Monday, April 22, 2024, inter alia, to consider and approve the standalone and consolidated audited financial results of the Company for the quarter and year ended March 31, 2024,” the company said in its regulatory filing.
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Reliance Q4 Results 2024 Expectations
According to a majority of brokerage firms and D-Street analysts, Reliance Industries’ net debt concerns are overdone.
According to ICICI Securities estimation Reliance is likely to see a jump in its OTC segment earnings QoQ with an estimated $1/bbl QoQ improvement in GRMs, better petchem spreads and higher refining throughput (Q3 had a shutdown at some refinery units). It also added that RJio may deliver nearly two per cent QoQ rise in EBITDA, with RIL’s retail EBITDA growing 1.4 per cent QoQ. Overall, consolidated EBITDA may jump five per cent QoQ and net profit can rise around six per cent QoQ in Q4FY24E, reported Mint.
According to JM Financials estimation, Reliance’s 4QFY24 EBITDA may be likely to increase by 3.6 per cent QoQ to ₹421 billion due to 11.8 percent QoQ growth in O2C EBITDA driven by higher GRMs; while digital EBITDA is expected to be higher by 2.6 per cent QoQ, Retail EBITDA is expected to be flattish QoQ and E&P EBITDA is expected to be down 6.8 per cent QoQ, reported Mint.
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Reliance Industries (RIL) Dividend 2024
The company also referred about the dividend in its filing it stated “A meeting of the Board of Directors of the Company is scheduled to be held on Monday, April 22, 2024, inter alia, to recommend dividend on equity shares of the Company for the financial year ended March 31, 2024.”
Reliance Industries (RIL) Dividend History
Earlier Reliance Industries Ltd. announced a Final Dividend of RS 9 per share with an ex-date of August 21, 2023, and a book closure/record date of August 21, 2023. In 2022, on August 18, 2022, RIL declared a Final Dividend of RS 8.00 per share with a record date of August 19, 2022.
