Latest news with #RelianceQ1
Mint
a day ago
- Business
- Mint
Reliance subsidiary Reliance Retail acquires Kelvinator ahead of Q1 results today. Details here
Reliance Industries on Friday announced that its subsidiary Reliance Retail has acquired refrigerator manufacturer Kelvinator. The announcement comes ahead of the release of Reliance Q1 results today. Isha Ambani-led Reliance Retail announced the acquisition of refrigerator and washing machine manufacturer Kelvinator, a move to amplify its range of offerings in India's fast-growing consumer durables sector. However, Reliance Retail did not disclose the financial details of the transaction. 'The acquisition of Kelvinator marks a pivotal moment, enabling us to significantly broaden our offering of trusted global innovations to Indian consumers. This is powerfully supported by our unmatched scale, comprehensive service capabilities, and market-leading distribution network,' said Isha M Ambani, Executive Director, Reliance Retail Ventures Limited (RRVL). Kelvinator pioneered electric refrigeration for home use globally. In India, it achieved iconic status in the 1970s and 80s with its memorable tagline, 'The Coolest One,' and continues to be revered for its cutting-edge technology, superior performance, enduring quality, and exceptional value. At 12:00 PM, Reliance industries share price was trading 0.38% lower at ₹ 1,471.50 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
11-07-2025
- Business
- India.com
July 18 is important day for Mukesh Ambani, Nita Ambani, Isha Ambani, Akash and Anant Ambani due to....
Ambani family (File) Reliance Q1 results: Reliance Industries (RIL)– India's most-valued domestic firm led by Mukesh Ambani, Asia's richest man– will announced Q1 results for FY26 on July 18, the conglomerate informed exchange on Friday, stating that the RIL Board of Directors will meet next Friday to approve Reliance Q1 results. When will Reliance Q1 results be announced? 'Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, July 18, 2025, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter ended June 30, 2025,' the company said. After the Board meeting on July 18, the company will hold an analyst meet to discuss the results for he quarter ended June 30, 2025, it added. What is expected from Reliance Q1 results? Mukesh Ambani-led Reliance Industries is expected to 29% year-on-year (YoY) growth in Q1 PAT to Rs 19,517 crore, as per Kotak Institutional Equities (KIE) analysts. This is due to boost provided by the one-off gains of Rs 9000 crore on the sales of Asian Paints stakes, they said. However, RIL net sales are likely to see 1% YoY dip to 2,29,475.7 crore against the Rs 2,31,784 crore in the same quarter last fiscal. KIE predicts RIL's consolidated EBITDA to rise by 15.4% YoY, with a 19-20% yoy increase for O2C, digital and retail, offset by weak E&P. Meanwhile, brokerage firm Motilal Oswal Financial Services expected a 32% surge in RIL's PAT to about Rs 20,000 crore, while also predicting the a revenue growth of 15% to Rs 266100 crore. Domestic brokerage Motilal Oswal Financial Services anticipates a 32% jump in PAT to nearly ₹20,000 crore, while it sees a strong growth in Q1 revenue to ₹266100 crore, a growth of 15%. Reliance market cap Reliance Industries Limited, the oil-to-telecom conglomerate led by Asia's richest man Mukesh Ambani, is India's most-valued domestic company, boast a market cap of over 20.23 lakh crore. The company's stock prices have gained 22% on a year-to-date basis this fiscal after staying in consolidation mode for a while. On Friday, RIL shares closed at Rs 1494.85 apiece on the BSE, down 1.47%, and 7% shy from its 52-week high level of Rs 1,605.73.
