RIL Results Q4 2024 Date and Time: Mukesh Ambani-owned Reliance Set to Declare Dividend Today; Check Quarterly Earnings Preview, Expectations (Image source: Today Technology Market ResearchDigital)
Reliance Industries Limited (RIL) Q4 Results 2024 and Dividend Announcement: Mukesh Ambani-owned Reliance Industries Limited (RIL), is scheduled to announce its financial performance for the fourth quarter of the fiscal year 2024, along with a potential announcement regarding dividends for the same fiscal year.
Date and Time of RIL Q4 2024 Results
The company recognized as India’s largest conglomerate by market capitalization, is poised to disclose both its standalone and consolidated audited financial results for the period ending March 31, 2024. The board meeting is slated for Monday, April 22, 2024. Typically, RIL releases its financial results after market hours in the evening.
Date and Time of RIL Dividend Announcement
In the same board meeting scheduled for Monday, April 22, 2024, Reliance Industries is expected to declare the final dividend for the financial year 2024. As with its financial results, the dividend announcement is anticipated after market hours in the evening.
Reliance Industries (RIL) Share Performance
Reliance Industries Ltd. (RIL) stock closed at Rs 2941.60 on April 19, 2024, registering a gain of Rs 13.45 or 0.46 per cent on BSE. During the trading session, the stock ranged from a low of Rs 2886.75 to a high of Rs 2947.00. The 52-week high and low for RIL’s stock are Rs 3,024.80 and Rs 2,153.36, respectively. RIL’s market capitalization (Mcap) stands at Rs 19,90,195.52 crore (full market cap), with a face value of Rs 10.00 per share.
Reliance Industries (RIL) Dividend History
Reliance Industries Ltd. (RIL) has a track record of rewarding its shareholders through dividends and corporate actions. In recent years, RIL announced a Final Dividend of RS 9.00 per share for FY23, with an ex-date of August 21, 2023, and a book closure/record date of August 21, 2023. In the preceding year, on August 18, 2022, RIL declared a Final Dividend of RS 8.00 per share with a record date of August 19, 2022.
Analysts’ Expectations for RIL’s Q4 Performance
Reliance Industries Ltd (RIL) is anticipated to report robust numbers for the quarter ending March 2024, driven by strong performance in its Oil-to-Chemicals (O2C) business and healthy growth in its consumer-facing ventures, including Jio and retail.
RIL Quarterly Earnings Preview
Analysts from various firms offer detailed insights into their expectations for RIL’s performance in Q4:
ICICI Securities
– Strong performance anticipated for the oil-to-chemicals segment with an estimated USD 1/bbl quarter-on-quarter improvement in GRMs (gross refined margins).
– Reliance Jio’s EBITDA is expected to rise by 2 per cent quarter-on-quarter.
– Retail EBITDA is forecasted to grow just over 1 per cent quarter-on-quarter.
– Consolidated EBITDA likely to increase by 5 per cent quarter-on-quarter.
Nuvama
– EBITDA for the quarter is expected to grow by 8 per cent year-on-year across all verticals, partially offset by weak O2C performance.
– O2C EBITDA is forecasted to decline by 8 per cent year-on-year due to weak refining and petrochemicals.
Nomura
– O2C EBITDA estimated to increase by 11 per cent quarter-on-quarter, supported by strong refining margins.
– Upstream EBITDA is expected to decline by 4 per cent quarter-on-quarter.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Today Technology Market ResearchDigital suggests its readers/audience to consult their financial advisors before making any money related decisions.)
