Reliance Industries Limited (LUX: RELIN)

Reliance Industries Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	9,249,380	9,010,640	8,778,350	6,959,630	4,669,240	5,975,350
Revenue Growth (YoY)	6.44%	2.65%	26.13%	49.05%	-21.86%	4.98%
Cost of Revenue	6,073,260	5,853,430	5,884,830	4,729,920	2,927,010	4,095,260
Gross Profit	3,176,120	3,157,210	2,893,520	2,229,710	1,742,230	1,880,090
Selling, General & Admin	268,510	256,790	248,720	187,580	148,170	140,750
Other Operating Expenses	1,293,920	1,274,350	1,216,990	951,920	793,290	844,150
Operating Expenses	2,091,910	2,039,460	1,868,740	1,437,320	1,207,180	1,206,930
Operating Income	1,084,210	1,117,750	1,024,780	792,390	535,050	673,160
Interest Expense	-221,390	-217,720	-189,580	-144,380	-179,070	-198,610
Interest & Investment Income	108,340	108,340	112,780	125,700	104,050	96,480
Earnings From Equity Investments	4,720	3,870	240	2,950	5,160	1,070
Currency Exchange Gain (Loss)	-12,920	-12,920	-9,520	-5,690	-25,040	-23,450
Other Non Operating Income (Expenses)	62,650	50,600	3,320	23,560	58,570	34,530
EBT Excluding Unusual Items	1,025,610	1,049,920	942,020	794,530	498,720	583,180
Gain (Loss) on Sale of Assets	-2,650	-2,650	-1,560	-1,350	-530	-2,680
Pretax Income	1,022,960	1,047,270	940,460	793,180	498,190	580,500
Income Tax Expense	246,440	257,070	203,760	159,700	17,220	137,260
Earnings From Continuing Operations	776,520	790,200	736,700	633,480	480,970	443,240
Earnings From Discontinued Operations	-	-	4,180	16,610	-	-
Net Income to Company	776,520	790,200	740,880	678,450	537,390	398,800
Minority Interest in Earnings	-97,350	-93,990	-73,860	-71,400	-46,110	-5,260
Net Income	679,170	696,210	667,020	607,050	491,280	393,540
Net Income to Common	679,170	696,210	667,020	607,050	491,280	393,540
Net Income Growth	-0.85%	4.38%	9.88%	23.56%	24.84%	-0.59%
Shares Outstanding (Basic)	13,532	13,532	13,531	13,196	12,866	12,480
Shares Outstanding (Diluted)	13,533	13,532	13,532	13,363	13,064	12,481
Shares Change (YoY)	0.00%	0.00%	1.26%	2.29%	4.67%	5.30%
EPS (Basic)	50.19	51.45	49.30	46.00	38.19	31.53
EPS (Diluted)	50.19	51.45	49.29	45.43	37.60	31.53
EPS Growth	-0.85%	4.37%	8.51%	20.80%	19.27%	-5.60%
Free Cash Flow	235,440	59,050	-259,560	105,090	-788,790	183,600
Free Cash Flow Per Share	17.40	4.36	-19.18	7.86	-60.38	14.71
Dividend Per Share	-	5.000	4.500	4.000	3.500	3.250
Dividend Growth	-	11.11%	12.50%	14.29%	7.69%	0%
Gross Margin	34.34%	35.04%	32.96%	32.04%	37.31%	31.46%
Operating Margin	11.72%	12.40%	11.67%	11.39%	11.46%	11.27%
Profit Margin	7.34%	7.73%	7.60%	8.72%	10.52%	6.59%
Free Cash Flow Margin	2.55%	0.66%	-2.96%	1.51%	-16.89%	3.07%
EBITDA	1,562,510	1,574,890	1,427,810	1,090,210	800,770	895,190
EBITDA Margin	16.89%	17.48%	16.27%	15.66%	17.15%	14.98%
D&A For EBITDA	478,300	457,140	403,030	297,820	265,720	222,030
EBIT	1,084,210	1,117,750	1,024,780	792,390	535,050	673,160
EBIT Margin	11.72%	12.40%	11.67%	11.39%	11.46%	11.27%
Effective Tax Rate	24.09%	24.55%	21.67%	20.13%	3.46%	23.65%
Revenue as Reported	9,576,450	9,305,290	9,030,450	7,325,780	5,026,530	6,256,010

Source: S&P Capital IQ. Standard template. Financial Sources.