The profit was well above the Street expectation of Rs 18,471 crore.
The company’s board has recommended a dividend of Rs 5.50 per equity share for FY25.
Apart from the dividend and results, the Board has approved raising Rs 25,000 crore through bonds in one or more tranches.
On a sequential basis, net profit increased 5% from Rs 18,540 crore reported in the preceding December quarter. Revenues, meanwhile, were up 8% quarter-on-quarter.
EBITDA for the fourth quarter increased by 4% YoY to Rs 48,737 crore.”FY25 has been a challenging year for the global business environment, with weak macro-economic conditions and a shifting geo-political landscape. Our focus on operational discipline, customer-centric innovation and fulfilling India’s growth requirements has helped Reliance deliver a steady financial performance during the year,” said Mukesh Ambani, Chairman and MD, RIL.
More to come…
