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Reliance Becomes 1st Firm With Rs 10 Lakh Cr Net Worth
The Daily Guardian
|April 26, 2025
Reliance Industries Ltd on Friday reported a 2.4 percent rise in its March quarter net profit as store rationalisation in retail business and improved margins in telecom helped offset weakness in mainstay oil and petrochemicals business and higher finance cost.
Consolidated net profit of Rs 19,407 crore, or Rs 14.34 per share, in January-March – the fourth quarter of April 2024 to March 2025 fiscal (FY25) – was higher than Rs 18,951 crore, or Rs 14 a share, in the same period a year back, the company said in a statement.
Profit was also up sequentially from Rs 18,540 crore in the October-December quarter.
Annual profits were almost unchanged at Rs 69,648 crore but the oil-to-telecom-and-retail conglomerate became the first company to hit a net worth of over Rs 10 lakh crore in 2024-25. Last year, it became the first company to hit a market cap of Rs 20 lakh crore.
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