Size matters: Reliance should lead a dividend payout boom
New Delhi, April 24 -- The quarterly results of Reliance Industries Ltd have made news for a bottom-line dip, although its top-line rose. Its net profit for the final quarter of 2023-24 fell 1.8% from a year earlier to Rs.18,951 crore, while revenues saw an 11% increase to over Rs.2.4 trillion. Its core oil-to-chemicals business faced a few headwinds downstream, while a surge in offshore-gas output shored up hydrocarbons upstream, where oil was subject to global flux, even as Reliance Retail and telecom under Jio fared fairly well, turning in double- or near-double-digit growth on both counts. As far as numbers go, the annual results drew wider attention-as usual, for a whole new proportion of operations achieved over the year. In fiscal ...
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