Reliance Industries Ltd. (RIL), led by Mukesh Ambani, will announce its July-September FY 2024-25 quarterly results on Monday, October 14. The company is also expected to fix a record date for its 1:1 bonus issue announced in September, though the date remains unspecified.
Reliance Industries Q2 Results and Bonus Share Record Date Announcement:
Reliance Industries Ltd. (RIL) is expected to announce its Q2 FY 2024-25 results on Monday, October 14. Alongside the results, the company may also fix a record date for its previously announced 1:1 bonus share issue, which was approved in September.
Bonus Share Record Date Expected Soon:
RIL’s Board approved a 1:1 bonus share issue, meaning shareholders holding one share will receive an additional one. While the company has yet to confirm the record date, it’s anticipated to be announced during the October 14 board meeting.
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Q1 FY 2024-25 Performance:
In its Q1 results, RIL reported a 5% drop in consolidated net profit to ₹15,138 crore, compared to ₹16,011 crore in the year-ago period. Revenue from operations increased by 12% YoY to ₹2.36 lakh crore, driven by strong growth in the O2C and oil and gas segments.
Reliance Industries Share Price:
Shares of RIL closed at ₹2,744.20 apiece on the NSE on Friday, October 11, with a marginal increase of 0.08%. The company’s Q2 results announcement and potential bonus share record date may further impact stock movements.
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EBITDA and Revenue Growth:
RIL’s consolidated EBITDA for Q1 FY 2024-25 grew by 2% YoY to ₹42,748 crore, although EBITDA margins fell by 150 basis points to 16.6%. The rise in revenue was largely driven by higher oil and product prices, along with steady growth in consumer businesses.