Reliance Industries/RIL Stocks, Reliance Share Price Today Live Updates October 15, 2024: Reliance Industries reported a 4.8 per cent annual fall in consolidated net profit in Q2 of FY25 at ₹16,563 crore, while revenue growth was flat at ₹2.4 lakh crore, the growth in digital services offset by weakness in petchem as well as subdued consumer demand, that affected retail performance. On a sequential basis net profit was 9.4 per cent higher and revenue growth flat. Consolidated EBITDA at ₹43,934 crore saw a 2 per cent decline, dragged down by the O2C business. The merger of media assets of Reliance Industries and Walt Disney’s India business is expected to be complete by the end of the third quarter of this fiscal, according to a regulatory filing by the Mukesh Ambani-led group.

Reliance Industries in focus: RIL results disappoint, analysts maintain ‘buy’ but with reduced price targets

Index heavyweight ​Reliance Industries​ was trading down nearly 2 per cent during the day on disappointing results, especially in the oil-to-chemicals and retail businesses both of which dragged down earnings.

The stock opened down with a gap of 28 points at ₹2717.05 and stayed down through the day, dipping to a low of ₹2692.10 intra-day.

The only segment that was firing was Jio Platforms and even there a decline in subscriber base surprised negatively, though ARPUs were better than expected.

On Monday RIL reported a 4.8 per cent annual fall in consolidated net profit in Q2 of FY25 at ₹16,563 crore, while revenue growth was flat at ₹2.4 lakh crore, the growth in digital services offset by weakness in petchem as well as subdued consumer demand, that affected retail performance.

​Read more​

ALL UPDATES

  • October 15, 2024 15:38

    Reliance Industries stock closing figures: Shares end 2% lower

    ​​The stock of Reliance Industries ​​closed 2.06% lower on the NSE at ₹2,688.60.

    On the BSE, the stock ended 2.05% lower at ₹2,689. 

  • October 15, 2024 15:08

    Reliance Industries stock fell 2.01% on the NSE to ₹2,690 as at 3.70 pm.

  • October 15, 2024 14:20

    Reliance Industries stock today: Declines 2%

    Reliance Industries stock dropped 1.90% on the NSE to ₹2,692.80 as at 2.19 pm.

  • October 15, 2024 13:32

    Reliance Industries stock price fell 1.73% to ₹2,697.50 on the NSE as at 1.30 pm.

  • October 15, 2024 12:37

    Reliance Industries stock in news: Brokerage recommendations

    • Jefferies on Reliance: Maintain Buy on Company, target price at Rs 3400/Sh (Neutral)
    • Nomura on Reliance: Maintain Buy on Company, target price at Rs 3450/Sh (Neutral)
    • Citi on Reliance: Maintain Neutral on Company, target price at Rs 2900/Sh (Neutral)
    • MS on Reliance: Maintain Overweight on Company, target price at Rs 3325/Sh (Neutral)
  • October 15, 2024 12:07

    Reliance Industries share price today: Shares down 1.12%

    Stock of Reliance Industries declined 1.12% on the NSE to ₹2,714.30 as at 12.05 pm.

  • October 15, 2024 11:41

    Reliance Industries stock declined 1.24% on the BSE to ₹2,711.05 as at 11.40 am.

  • October 15, 2024 10:58

    Reliance Industries in focus: RIL’s media business widens loss in Q2

    Losses of the ​​Reliance Industries’​​ media business have widened in the second quarter of FY25 to ₹188 crore from ₹155 crore a year ago while revenue fell 2 per cent to ₹1,825 crore, due to a dip in revenues from the movies segment as well as muted television advertisements.

    Reliance Industries has created an integrated media platform by merging the news business with Network18. The transaction between Viacom18 and Star India and their merger in the next quarter is expected to create an even larger media house.

    JioCinema, on which a lot of content is free, has 16 million paid subscribers and its strategy of streaming IPL live for free has paid dividends.

    ​​Read more​​

  • October 15, 2024 10:50

    Reliance Industries stock in news: Gujarat Toolroom secures new work contract from RIL

    Gujarat Toolroom Limited completed an order worth ₹29 crore for construction supplies to Reliance Industries Limited on 14th October 2024.

    It has also secured new order worth ₹31 crore from Reliance Industries Limited for the supply of additional construction materials. 

    Gujarat Toolroom shares traded at ₹14.38 on the BSE, higher by 4.96%. 

    Reliance Industries stock slipped 0.78% to ₹2,723.80 on the BSE.

  • October 15, 2024 10:15

    Reliance Industries share price today: Shares slip

    RIL stock traded at ₹2,727 on the NSE, down by 0.66% as at 10.14 am.

  • October 15, 2024 10:14

    Reliance Industries Q2 results: Reliance Ind Q2 net dips 4.8% as ‘slow’ O2C offsets digital rise

    Reliance Industries reported a 4.8 per cent annual fall in consolidated net profit in Q2 of FY25 at ₹16,563 crore, while revenue growth was flat at ₹2.4 lakh crore, the growth in digital services offset by weakness in petchem as well as subdued consumer demand, that affected retail performance.

    On a sequential basis net profit was 9.4 per cent higher and revenue growth flat.

    Consolidated EBITDA at ₹43,934 crore saw a 2 per cent decline, dragged down by the O2C business.

    Read more

Related Topics