Reliance Industries Limited reported its latest results in the form of PAT (Profit After Tax) which stands at Rs 19,300 crore. The poll conducted by the ET NOW saw cons PAT at Rs 16,759 crore. This is conclusively the highest ever Quarterly PAT for Reliance Industries Limited.
The performance of Reliance Industries Ltd. exceeded the expectations of the market. Friday saw the release of the conglomerate’s Q4 FY-23 earnings report, which showed a year-over-year increase in net profit of 19% to Rs 19,300 crore and also posted its highest-ever quarterly PAT. The company is managed by the Indian billionaire Mukesh Ambani.
Reliance Industries announced a net profit of Rs 15,792 crore for the third quarter of the fiscal year 23 (FY23). As the last three months of the year draw to a close, brokerage firms and industry experts expect that RIL will report an increase in earnings that is somewhere in the range of 0.3 to 7.0 percent higher than the previous quarter.
