Reliance Chemotex Industries Q3 Result 2024: Date and Time, Share Price and Target

News: Reliance Chemotex Industries Limited (RCIL), founded by Mr. Shanker Lal Shroff in 1977, has emerged as a significant player in the textile and chemical industry. From its humble beginnings as a local spinning mill, RCIL has meticulously grown to impact millions of lives worldwide through its products.

Reliance Chemotex Industries Limited, a prominent player in the textile and chemical industry, recently released its financial results for the third quarter of 2024. Let’s dive into the details:

1. Earnings Report

• Date: The earnings report covers the period from October 1, 2023, to December 31, 2023.
• Sales: During Q3, the company reported sales of INR 854.95 million, compared to INR 921.43 million in the same period last year.
• Revenue: The total revenue stood at INR 864.42 million, down from INR 952.67 million in the previous year.
• Net Income: Reliance Chemotex Industries achieved a net income of INR 0.612 million, significantly lower than the INR 31.27 million recorded a year ago.
• Earnings per Share (EPS): Basic EPS from continuing operations was INR 0.08, down from INR 4.15 in the previous year.

2. Nine-Month Performance

• Sales: For the nine months ending December 31, 2023, the company’s sales reached INR 2,649.13 million, compared to INR 2,851.96 million in the corresponding period last year.
• Revenue: Total revenue for the nine months was INR 2,677.54 million, down from INR 2,899 million a year ago.
• Net Income: The net income for the nine-month period was INR 27.5 million, a significant decline from INR 96.48 million in the previous year.
• EPS: Basic EPS from continuing operations stood at INR 3.65, compared to INR 12.79 a year ago.

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3. Market Impact

• The stock market’s response to these results is crucial. As of the latest data, Reliance Chemotex Industries’ stock price has seen a 1.89% increase over the past five days.
• Investors and analysts will closely monitor the company’s performance and evaluate its growth prospects.

Financial Snapshot: Q3 2024

Here are the key highlights from RCIL’s Q3 2024 financial results:

1. Earnings Report:
   • Date: The report covers the period from October 1, 2023, to December 31, 2023.
   • Sales: INR 854.95 million (compared to INR 921.43 million last year).
   • Revenue: INR 864.42 million (down from INR 952.67 million).
   • Net Income: INR 0.612 million (significantly lower than the previous year).
   • EPS: Basic EPS from continuing operations: INR 0.08.

2. Nine-Month Performance:
   • Sales: INR 2,649.13 million (compared to INR 2,851.96 million last year).
   • Revenue: INR 2,677.54 million (down from INR 2,899 million).
   • Net Income: INR 27.5 million (a decline from INR 96.48 million).
   • EPS: Basic EPS from continuing operations: INR 3.65.

Market Impact

Investors closely watch RCIL’s performance. As of the latest data, our stock price has seen a 1.89% increase over the past five days. Analysts evaluate growth prospects, making informed decisions.

Reliance Chemotex Industries faces challenges in a dynamic market, but its Q3 results provide valuable insights for stakeholders. As the company continues its operations, investors should keep an eye on further developments and strategic moves.

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