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    RELIANCE   INE002A01018

RELIANCE INDUSTRIES LTD

(RELIANCE)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Reliance Industries 1Q Net Profit Slipped Despite Higher Revenue

07/23/2021 | 08:45am EDT

By Joshua Kirby

Reliance Industries Ltd. said Friday that its first-quarter net profit fell from a year earlier despite increased revenue.

The Indian energy-and-retail conglomerate said net profit for the quarter ended June 30 fell to 122.73 billion Indian rupees ($1.65 billion) from INR132.33 billion a year earlier. That beat an estimate of INR117.00 billion from a poll of analysts by S&P Global Market Intelligence.

First-quarter revenue meanwhile increased to INR1.44 trillion from INR912.38 billion a year earlier. The impact of the coronavirus was significantly felt only in the retail segment, the company said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

07-23-21 1045ET

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Analyst Recommendations on RELIANCE INDUSTRIES LTD
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Financials
Sales 2022 6 519 B 88 467 M 88 467 M
Net income 2022 577 B 7 835 M 7 835 M
Net Debt 2022 17 775 M 241 M 241 M
P/E ratio 2022 28,0x
Yield 2022 0,34%
Capitalization 15 184 B 206 B 206 B
EV / Sales 2022 2,33x
EV / Sales 2023 1,98x
Nbr of Employees 236 334
Free-Float 50,4%
Chart RELIANCE INDUSTRIES LTD
Duration : Period :
Reliance Industries Ltd Technical Analysis Chart | RELIANCE | INE002A01018 | MarketScreener
Technical analysis trends RELIANCE INDUSTRIES LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Last Close Price 2 390,55 INR
Average target price 2 253,17 INR
Spread / Average Target -5,75%
EPS Revisions
Managers and Directors
Mukesh Dhirubhai Ambani Chairman & Managing Director
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Joint Chief Financial Officer
K. Sethuraman Group Secretary & Chief Compliance Officer
Savithri Parekh Joint Secretary & Compliance Officer
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