2 years, 7 months ago
Reliance Q4 net up 22.5%, becomes first Indian company to cross $100 bn annual revenue
India TodayBillionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business. Consolidated revenue of the nation's biggest company by market value rose 35 per cent year-on-year to Rs 2.32 lakh crore in the fourth quarter of FY22. O2C business EBITDA was up 25 per cent at Rs 14,241 crore, while digital services pre-tax earnings at Rs 11,209 crore were 25 per cent more than last year. For the financial year ended March 31, 2022, Reliance Jio's consolidated net profit increased by about 23 per cent to Rs 14,854 crore.
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