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    RELIANCE   INE002A01018

RELIANCE INDUSTRIES LTD

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Reliance Industries 3Q Net Profit Rose on Year

01/21/2022 | 09:44am EDT

By Giulia Petroni


Reliance Industries Ltd. said Friday that its third-quarter net profit and revenue rose on year.

The Indian conglomerate said net profit for the quarter ended Dec. 31 came in at 185.49 billion rupees ($2.49 billion) from INR131.01 billion a year earlier. The figure beat the estimate of INR163.61 billion from a poll of analysts by S&P Global Market Intelligence.

Third-quarter revenue increased to INR1.913 trillion from INR1.240 trillion a year earlier.


Write to Giulia Petroni at giulia.petroni@wsj.com


(END) Dow Jones Newswires

01-21-22 0944ET

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Analyst Recommendations on RELIANCE INDUSTRIES LTD
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Financials
Sales 2022 7 033 B 90 757 M 90 757 M
Net income 2022 609 B 7 858 M 7 858 M
Net Debt 2022 1 387 B 17 903 M 17 903 M
P/E ratio 2022 28,5x
Yield 2022 0,32%
Capitalization 16 560 B 214 B 214 B
EV / Sales 2022 2,55x
EV / Sales 2023 2,02x
Nbr of Employees 236 334
Free-Float 50,3%
Chart RELIANCE INDUSTRIES LTD
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Reliance Industries Ltd Technical Analysis Chart | RELIANCE | INE002A01018 | MarketScreener
Technical analysis trends RELIANCE INDUSTRIES LTD
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 33
Last Close Price 2 606,90 INR
Average target price 2 815,76 INR
Spread / Average Target 8,01%
EPS Revisions
Managers and Directors
Mukesh Dhirubhai Ambani Chairman & Managing Director
Srikanth Venkatachari Joint Chief Financial Officer
Alok Agarwal Joint Chief Financial Officer
Savithri Parekh Secretary & Compliance Officer
Dipak Chand Jain Independent Non-Executive Director
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