look news india
Reliance Industries Limited has posted a strong performance in the financial year ending March 31, 2024. RIL reported Rs. Net profit was Rs 18951 crore. During this period, the company's revenue increased by 11 percent to Rs 1.5 crore. 2.40 lakh crore. Reliance Industries also paid Rs. A dividend of Rs 10 was declared. Global rating agencies have also appreciated the group's excellent performance.
Reliance has earned the trust of global rating agencies S&P and Fitch. Experts say that its benefits will be visible on the company's performance and stock. There may be a good rise in the stock in future.
The company is emphasizing on expansion
S&P Global Ratings and Fitch Ratings have said in separate statements that the company's financial performance will remain strong even in the current financial year 2024-25. According to the statement, Reliance Industries Limited's (RIL) strong earnings will remain under pressure as the company pursues growth ambitions. We expect the company's tax ratio to remain in line with its pre-earnings credit rating (BBB+/Stable/–).
RIL's earnings will increase
S&P said RIL's earnings would benefit from past investments. We estimate the company's adjusted pre-tax earnings to grow by two to four per cent in FY 2024-25, while Fitch Ratings said we expect RIL's pre-tax earnings to grow by eight per cent in FY 2024-25. The percentage will increase every year. It will increase by 14 percent in the financial year 2025-26.