Home Business Reliance turns into 1st Indian agency to hit $100 billion income; posts 22.5% leap in This autumn revenue

Reliance turns into 1st Indian agency to hit $100 billion income; posts 22.5% leap in This autumn revenue

Reliance turns into 1st Indian agency to hit $100 billion income; posts 22.5% leap in This autumn revenue

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NEW DELHI: Reliance Industries consolidated internet revenue jumped 22.5 per cent within the fourth quarter ended March 31, 2022, the corporate stated in a regulatory submitting on Friday.
RIL posted a internet revenue of Rs 16,203 crore within the interval into account as towards Rs 13,227 crore reported in identical interval final 12 months.
For the total fiscal 2021-22 (April 2021 to March 2022), Reliance reported a internet revenue of Rs 60,705 crore on a income of Rs 7.92 lakh crore ($102 billion).
With this, Reliance has grow to be the primary Indian firm to hit $100 billion income.
The corporate’s outcomes obtained a lift from its mainstay power enterprise and a leap in common income per consumer at its telecom unit. Reliance’s retail enterprise, which took a success resulting from pandemic-related lockdowns, benefited from a rebound in client demand.
“The gradual opening up of economies coupled with sustained excessive utilization charges throughout websites and the advance in transportation gas margins and volumes have bolstered our O2C earnings,” chairman and managing director Mukesh Ambani stated.
The conglomerate’s power enterprise reported sturdy refining margins on the again of upper fuel and crude oil costs. Brent crude costs surged almost 39 per cent within the March quarter.

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