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RIL logs flat net profit at ₹21,243 cr
The Morning Standard
|April 23, 2024
Annual earnings hit record high of over 21 lakh crore, driven by recovery in oil, pbetrochem biz
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ENERGY-to-retail conglomerate Reliance Industries on Monday reported a flat net income for the quarter ending March at ₹21,243 crore. However, the annual earnings hit a record high of over ₹1 lakh crore, driven by a recovery in its core oil and petrochemicals business and sustained momentum from the telecom and retail businesses.
For the full fiscal, the Mukesh Ambani-led company set two records crossing the ₹10 lakh crore consolidated revenue mark and the ₹1 lakh crore consolidated pre-tax profit while the net profit touched ₹69,621 crore up from ₹66,702 crore in the preceding financial year. Its FY24 revenue rose 2.6% to ₹10,00,122 crore and consolidated pre-tax profit rose to ₹1,04,727 crore.
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