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22-Apr2019

Reliance Industries slips despite reporting 10% rise in Q4 consolidated net profit

Reliance Industries is currently trading at Rs. 1356.35, down by 26.55 points or 1.92% from its previous closing of Rs. 1382.90 on the BSE.

The scrip opened at Rs. 1364.00 and has touched a high and low of Rs. 1365.15 and Rs. 1345.30 respectively. So far 244609 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1406.50 on 01-Apr-2019 and a 52 week low of Rs. 907.10 on 30-May-2018.

Last one week high and low of the scrip stood at Rs. 1387.00 and Rs. 1333.95 respectively. The current market cap of the company is Rs. 857632.95 crore.

The promoters holding in the company stood at 47.27%, while Institutions and Non-Institutions held 36.25% and 16.29% respectively.

Reliance Industries has reported a fall of 1.62% in its net profit at Rs 8,556 crore for the fourth quarter ended March 31, 2019 as compared to Rs 8,697 crore for the same quarter in the previous year. Total income of the company fell marginally by 0.44% at Rs 89,455 crore for Q4FY19 as compared Rs 89,848 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 10.14% in its net profit at Rs 10,427 crore for the quarter under review as compared to Rs 9,467 crore for the same quarter in the previous year. Total income of the company increased by 18.34% at Rs 144,781 crore for Q4FY19 as compared Rs 122,346 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 4.61% in its net profit at Rs 35,163 crore as compared to Rs 33,612 crore for the previous year. Total income of the company increased by 25.76% at Rs 394,323 crore for year under review as compared to Rs 313,555 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 10.41% in its net profit at Rs 39,837 crore as compared to Rs 36,080 crore for the previous year. Total income of the company increased by 41.36% at Rs 589,655 crore for year under review as compared to Rs 417,127 crore for year ended March 31, 2018.


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