The board will also discuss the possibility of raising funds through, secure or insecure, redeemable non-convertible debentures (NCDs), based on private placement.
In addition, the board will recommend a dividend on equity shares for the financial year ending March 31, 2025.
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In the previous trading session, the stock of RIL was 2.9% higher on BSE. However, in the past year, the stock has dropped by more than 13%, though it has increased more than 17% in the last two years.
In Q3 FY22, Reliance Industries recorded the growth of the year-by-year (YO) in its integrated net profit, which has reached Rs 18,540 crore. The income of the performance increased by 7% to Rs. 2.43 lakh crore.
Operating Operating Operating Powering Profit of Oil-to-Telic OM MU MEMENT NUGLOMERATE, Q3 increased by about 8% to Rs. 48,003 crore, while the margin expanded by 10 basis points to 18%.
The digital arm of the company, Geo platforms, has increased its net profit by 26%, which has reached Rs 6,861 crore, while 19% of the revenue was improved by 38,750 crore.
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Meanwhile, EBITDA growth by O2C business is Rs 2% to Rs. Showing strong operating performance with Rs 14,402 crore. The revenue of the segment also increased by 6% to Rs. 1.49 lakh crore.
Reliance Retail, RIL’s customer-facing business, recorded a revenue growth of 9% Yoy in Q3. The gradual growth was even stronger at 18%, with productivity improvement initiatives, and the engagement of consumers has increased during the festive period by new product projections and B ones.
According to Trendlin data, the average target price for RIL stock is Rs. 1,550, which shows the current market price of 22%. The consensus recommendation of 35 analysts is ‘bye’.
(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
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