Reliance Industries reports historic ₹10 billion PAT
pre-market1 source ↓written by the desknot a recommendation
- in net profit
- 12.5% YoY decline
- from current levels
- 27%
Reliance Industries Ltd (RIL) achieved a historic net profit of ₹10 billion, surpassing the GDP of several nations including Bhutan and Maldives. Despite a 12.5% YoY decline in net profit for Q4, brokerages remain bullish, with ratings of ‘Buy’ or ‘Outperform’ and projected upside of 27% from current levels.
This performance underscores RIL's significance in the market, keeping investor focus intact amid earnings season.
Not investment advice. For informational purposes only.