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- Mukesh Ambani; Reliance Q1 Results Today Update; RIL Industries Will Release Financial Results Today
MumbaiA minute ago
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The company has released the result after the close of the market today. The effect of the result on its shares will be visible on Monday
- The effect of the company’s shares will be seen on Monday
- Today the stock closed with a fall
The country’s largest company Reliance Industries has made a profit of Rs 12,273 crore in the June quarter. This is about 7 percent less than a year ago in June 2020. In June 2020, the company had a profit of Rs 13,248 crore.
Result came after market closed
The company has released the result after the close of the market today. The effect of the result on its shares will be visible on Monday. Before the result, the stock of Reliance Industries closed with a fall today. The result for the March quarter was also released on Friday evening itself.
There was a profit of 53,729 crores in 2020-21
The company has made a record profit of Rs 53,729 crore in the financial year 2020-21. This was 34.8% higher than the profit a year ago. The company had announced a dividend of Rs 7 per share. Dividend means giving some part of its profit to the investors as a gift. Its revenue was Rs 5.39 lakh crore during the entire year.
fourth quarter In revenue 1.72 lakh Ten million rupees
Talking about the fourth quarter, the total revenue of Reliance Industries Group was Rs 1 lakh 72 thousand 95 crore, which was 24.9% higher than January-March a year ago. Net profit stood at Rs 14,995 crore, up 129% from Rs 6,348 crore a year ago. Talking about Reliance Industries only, its revenue has been 90 thousand 792 crores, in which there has been an increase of 27.1%. Net profit stood at Rs 7,617 crore, down 11.7%.
share prices will rise sharply
On the other hand, global brokerage house Jefferies estimates that this stock can rise 50% from here. This is because the company may be successful in selling its stake in the oil chemical business. Also, the listing of Reliance Jio can also be announced in the coming days.
Acquired several companies
The company has recently bought companies like Netmeds, Urban Ladder, Zivame in digital, while in retail it has recently decided to buy 67% stake in Just Dial. The deal was done for Rs 3,497 crore. It is estimated that the company’s cash flow may increase to Rs 1.5 lakh crore by FY 2026. It is completely net debt free company.
Reliance had said at the AGM last month that it would invest Rs 75,000 crore in new energy business. This investment will happen over the next three years. The company operates from oil to chemical, retail and digital sectors.