By Malvika Gurung
Investing.com -- India’s most valued company by market capitalization Reliance Industries (NS:RELI) will release its earnings results for the quarter ended March 31, 2023, this week.
The market behemoth has declared that its Board of Directors are scheduled to conduct a meeting this week on Friday, April 21, 2023, for the consideration and approval of Reliance Industries’ fourth quarterly earnings for the last financial year 2022-23.
The mega-cap company will release its standalone and consolidated audited financial results for Q4 FY23 on Friday.
A presentation regarding the financial results of the oil-to-telecom conglomerate giant’s earnings results for the quarter and year ended March 31, 2023, shall be made to analysts and media on the same day after the meeting, said Reliance Industries in an exchange filing.
The market heavyweight’s consolidated net profit for the December 2022 quarter declined 14.86% YoY to Rs 15,792 crore from Rs 18,549 crore in the year-ago period, while its net sales rose 15.3% YoY to Rs 2,20,592 crore. Its EBITDA in Q3 FY23 climbed 13.75% YoY to Rs 38,394 crore.
The Rs 15,93,693 crore market cap stock has dipped 10% in the past one year.