Reliance Industries Ltd. is a large-cap company that was founded in 1973. It operates across various sectors like petrochemicals, oil & gas, retail, telecom, and others. If we talk about its financial performance, for the quarter ending June 30, 2024, the company reported a total income of Rs. 2,35,767 crore. This was slightly lower than the previous quarter but 11.54% higher than the same quarter last year. Their net profit for this period was Rs. 17,448 crore.
Currently, the company is led by prominent figures like Mukesh Ambani, his sons Akash and Anant Ambani, and others. In this article, let’s gain a comprehensive understanding of Reliance Industries stock and see its fundamental strengths and weaknesses. Also, we will check their financial performance starting from the quarter ending June 2023.