Reliance Industries Ltd.

Reliance Industries (RIL) has reported results for fourth quarter (Q4) and year ended March 31, 2023.

Reliance Industries has reported rise of 24.58% in its net profit at Rs 13,821 crore for the quarter under review as compared to Rs 11,094 crore for the same quarter in the previous year. However, total income of the company decreased by 8.86% at Rs 124,918 crore for Q4FY23 as compared to Rs 137,063 crore for the corresponding quarter previous year. 

On consolidated basis, the company has reported rise of 18.35% in its net profit at Rs 21,327 crore for fourth quarter ended March 31, 2023 as compared to Rs  18,021 crore for the same quarter in the previous year. Total income of the company increased by 2.31% at Rs 219,294 crore for Q4FY23 as compared to Rs 214,344 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported rise of 13.10% in its net profit at Rs 44,205 crore as compared to Rs 39,084 crore for the previous year. Total income of the company increased by 20.74% at Rs 554,479 crore for year under review as compared to Rs 459,247 crore for year ended March 31, 2022. 

For the year ended March 31, 2023, on the consolidated basis, the company has reported 9.20% rise in its net profit at Rs 74,088 crore as compared to Rs 67,845 crore for the previous year. Total income of the company increased by 22.83% at Rs 904,770 crore for year under review as compared to Rs 736,581 crore for year ended March 31, 2022.