Reliance Industries Limited (RIL) announced on Monday that its 47th Annual General Meeting (AGM) will be held on August 29, 2024. During this meeting, the company may announce a dividend. This could be a significant day for investors as the AGM will discuss the company’s financial status and future plans. Following this news, RIL’s shares saw a surge.
Highlights:
- RIL’s 47th Annual General Meeting on August 29, 2024.
- Potential dividend announcement at the AGM.
- Discussion on the company’s financial status and future plans at the AGM.
- RIL shares surged following the news.
| Point | Information |
|---|---|
| AGM Date | August 29, 2024 |
| Potential Announcement | Dividend |
| Share Closing Price (Monday) | ₹2,894.65 |
| Share Opening Price (Tuesday) | ₹2,915.55 |
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Table of Contents
AGM and Dividend Announcement
AGM Date
Reliance Industries Limited (RIL) informed the stock exchange on Monday that the company’s 47th Annual General Meeting (AGM) will be held on August 29, 2024. Investors are expecting a dividend announcement during this meeting.
- RIL’s AGM on August 29.
- Discussion on the company’s financial status.
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Dividend Announcement
A dividend announcement is anticipated at RIL’s AGM. This could be good news for investors as the record date for receiving the dividend is set for August 29.
- Potential dividend announcement.
- Record date for investors: August 29.
Stock Market Movement
Weekly Opening
On Monday, the Indian stock market saw a decline, with investors losing over ₹10 lakh crore.
- Stock market decline on Monday.
- Investors lost over ₹10 lakh crore.
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RIL Stock Surge
Following the closing on Monday and the subsequent dividend announcement by RIL, the company’s stock saw a surge on Tuesday.
- Monday stock closing: ₹2,894.65
- Tuesday stock opening: ₹2,915.55
- The stock fell to ₹2,924 shortly after opening but then traded at ₹2,950.90.
Q1 Results
Company Revenue
RIL released its Q1 results for the fiscal year ending June 30, 2025. The company’s revenue increased to ₹236,217 crore, up from ₹210,831 crore in the same quarter of the previous fiscal year.
- Revenue: ₹236,217 crore (Q1)
- 12.04% increase in revenue.
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Net Profit
However, the company’s net profit fell to ₹15,138 crore, down from ₹16,011 crore in the same quarter of the previous fiscal year.
- Net profit: ₹15,138 crore (Q1)
- 5.45% decrease in net profit.
Company Returns
1-Year Return
RIL has provided a 16.04% return over the past year.
- 1-year return: 16.04%
3-Year Return
Over the past three years, the company has given a 39.4% return.
- 3-year return: 39.4%
5-Year Return
Over the past five years, the company has given a 158.5% return.
- 5-year return: 158.5%
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FAQ
What will happen at the Reliance Industries Limited (RIL) AGM?
The AGM will discuss the company’s financial status, future plans, and the potential dividend announcement.
When will the dividend announcement be made?
The dividend announcement is expected at the AGM on August 29, 2024.
Why did RIL’s stock surge?
RIL’s stock surged following the dividend announcement.
Why did the company’s net profit decrease?
The company’s net profit fell to ₹15,138 crore in the June quarter, down from ₹16,011 crore in the same quarter of the previous fiscal year, indicating a 5.45% decrease in net profit.
Why did the company’s revenue increase?
The company’s revenue increased to ₹236,217 crore, up from ₹210,831 crore in the same quarter of the previous fiscal year, indicating a 12.04% increase in revenue.
In conclusion, Reliance Industries Limited’s 47th Annual General Meeting (AGM) could be significant for investors. The meeting will discuss the company’s financial status, future plans, and the potential dividend announcement. With the surge in RIL’s shares and the increase in the company’s revenue, this could be a profitable time for investors.
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