Analyzing Key Stocks: Reliance Industries, ICICI Bank, HUL, Paytm

Reliance Industries Q3FY24 results in line with expectations, telecom and retail segments drive revenue

Reliance Industries Limited (RIL) reported its December quarter results, which were largely in line with market expectations. The company’s telecom and retail segments contributed significantly to revenue and Ebitda, while the oil-to-chemicals segment saw a decline in revenue due to lower price realization. RIL’s consolidated PAT for Q3FY24 rose 10.9% YoY to ₹19,641 crore, driven by strong growth in the consumer businesses. Gross revenue grew 3.2% YoY to ₹2,48,160 crore, reflecting continued momentum in consumer businesses.