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Reliance Industries reports 39% fall in Q4 consolidated net profit

02 May 2020 Evaluate

Reliance Industries has reported results for the fourth quarter and year ended March 31, 2020.

The company has reported a fall of 69.85% in its net profit at Rs 2580 crore for the quarter under review as compared to Rs 8556 crore for the same quarter in the previous year. Total income of the company decreased by 9.51% at Rs 80945 crore for Q4FY20 as compared Rs 89455 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 38.74% in its net profit attributed to owners of the company at Rs 6348 crore for the quarter under review as compared to Rs 10362 crore for the same quarter in the previous year. Total income of the company decreased by 1.36% at Rs 143416 crore for Q4FY20 as compared Rs 145391 crore for the corresponding quarter previous year.

For the year ended March 31, 2020, the company has reported a fall of 12.11% in its net profit at Rs 30903 crore as compared to Rs 35163 crore for the previous year. Total income of the company decreased by 7.33% at Rs 365421 crore for year under review as compared to Rs 394323 crore for year ended March 31, 2019.

For the year ended March 31, 2020, on the consolidated basis, the company has reported a fall of 0.59% in its net profit attributed to owners of the company at Rs 39354 crore as compared to Rs 39588 crore for the previous year. However, total income of the company increased by 5.77% at Rs 625601 crore for year under review as compared to Rs 591480 crore for year ended March 31, 2019.

 

Reliance Industries Share Price

1306.65 -14.75 (-1.12%)
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Company Name CMP
Reliance Industries 1306.65
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