Reliance Industries had a fall in its net profit in the previous year. Everyone is curious to know more about the Reliance Industries Q3 results 2024. The company’s growth was affected in the last year. However, it managed to make good profits in the previous quarter. It had an increment of 30% in its net profit to reach Rs. 19,878 Crore. The revenues showed less growth on a YoY basis. Let us move to the Reliance Industries Q3 results 2024.
Reliance Industries Q3 Results 2024 Earnings, Net Profit, Sales Report and YoY Growth
Reliance Industries Q3 results 2024 are expected to be released soon by the end of January 2024. The company is performing well in the market. Reliance is a trusted name in India. The company deals in Oil Refining, Petrochemicals, Gas, and Businesses. Reliance Industries will be working on further development in the industries. The current quarter is expected to have an increase in revenue and profits. The company has strong financials that also impact its stability.
Reliance Industries shares gave a tremendous return in the previous few years. However, it’s now becoming stable in comparison to others. The share grew 0.43% in the last year. It expects to have a minor growth in its share price in the upcoming year. Reliance has a market cap of 17.49 Lakhs Crores. However, its 52-week high is 2,856, with 52 week low of Rs. 2,180. The experts recommend Reliance Industries because of its numbers in the financial reports.
Reliance Industries Limited (RIL) had Q3 2023 a little less profitable. It was around 15% fall in the profit. The company reaches to Rs. 15,792 Crores of net profit for the year. The company had a decline in its domestic demand and increased supply. It become the crucial reason for the fall in profits. Q2 23 earned Reliance a good margin in refineries. The profit might be a little reduced, but the operational revenue makes a rise of 15%. It reaches to Rs. 2,20,592 Crore.
Reliance Industries Limited Q2 2024 was better in comparison to Q3 results 2024. The net profit rises 30% YoY. The company was profitable, with Rs. 19,878 Crores as its net profit. Apart from that, its revenue also rose by 12% on a YoY basis. The company had a strong demand for fuel, which led to an increase in its overall profits. The energy sector was suffering a little. We hope you get enough details about Reliance Industries Q3 results 2024 updates above.