The Stock market will react to the results of a major index heavyweight—Reliance Industries as well. The company posted its March quarter performance after market hours on Friday. So, there will be a reaction on that front, which could move the indices on Monday. The new telecom revolutionary company Reliance has reported a consolidated net profit of Rs 9,459 crore for the March quarter, up 17 percent compared to the same quarter of the previous year. Consolidated quarterly revenues stood at Rs 1.29 lakh crore, up 39 percent quarter on quarter. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 5 percent, QoQ, to Rs 18,469 crore, and the operating margin was 15.8 percent. Gross refining margin stood at USD 11 per barrel, well within the range expected soon.
Will Reliance's result makes an impact to stock market?
The Stock market will react to the results of a major index heavyweight—Reliance Industries as well. The company posted its March quarter performance after market hours on Friday. So, there will be a reaction on that front, which could move the indices on Monday. The new telecom revolutionary company Reliance has reported a consolidated net profit of Rs 9,459 crore for the March quarter, up 17 percent compared to the same quarter of the previous year. Consolidated quarterly revenues stood at Rs 1.29 lakh crore, up 39 percent quarter on quarter. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 5 percent, QoQ, to Rs 18,469 crore, and the operating margin was 15.8 percent. Gross refining margin stood at USD 11 per barrel, well within the range expected soon.
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