April 26 (Punjab Khabarnama) : Reliance Industries Limited has received the confidence of global rating agencies S&P and Fitch following strong performance in the financial year ending March 31, 2024. S&P Global Ratings and Fitch Ratings, in separate statements, have said that the company’s financial performance will remain strong even in the current financial year 2024-25.
According to the statement, Reliance Industries Limited’s (RIL) strong earnings will remain in check as the company pursues growth ambitions. We expect the company’s debt to earnings before tax ratio to remain consistent with the rating (BBB+/Stable/–).” S&P said, “RIL’s earnings will benefit from past investments. We estimate that the company’s adjusted pre-tax income will grow by two to four percent in the financial year 2024-25. Meanwhile, Fitch Ratings said, “We expect RIL’s pre-tax income in the financial year 2024-25 to grow on an annual basis.” But it will increase by eight percent. It will increase by 14 percent in the financial year 2025-26…”
