STRONG EXECUTION

Reliance Industries posted record revenue, profit, and free cash flow in FY24, driven by strong consumer, upstream, digital, and green energy growth

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RELIANCE INDUSTRIES (RIL), India's most valuable company, delivered another power-packed performance in FY24, led by a record show in its consumer and upstream businesses, a stronger balance sheet, and continued thrust on digital and green energy ambitions. That is why it emerges as the top-ranked company in BW Real 500 list for FY24.

For the year ended March 31, 2024, RIL's consolidated revenue touched Rs 10,96,571 crore, up 2.6 per cent, while EBITDA jumped 15.8 per cent to a record Rs 1,79,817 crore. Net profit climbed 7.3 per cent year-on-year to Rs 79,020 crore. Importantly, free cash flow surged over fourfold to Rs 47,926 crore—an all-time high, reflecting improved cash generation across businesses and sharper operational efficiencies.

Calling it a year of “strong execution and excellence,” Chairman Mukesh D. Ambani said, “Reliance has delivered yet another year of strong and resilient performance, underscoring the robustness of our businesses and sound strategies.”