July 5, 2022

Billionaire Mukesh Ambani’sReliance Industries Ltd on Friday reported a 24.5 % rise in earnings for the quarter ended March on the again of bumper oil refining margins, regular progress in telecom and digital providers and robust momentum in retail enterprise.

The oil-to-retail-to-telecom conglomerate’s consolidated web revenue rose to Rs 16,203 crore within the quarter ended March 31, 2022 from Rs 13,227 crore earlier, the agency stated a inventory alternate submitting.

For the total fiscal 2021-22 (April 2021 to March 2022), Reliance reported a web revenue of Rs 60,705 crore on a income of Rs 7.92 lakh crore ($102 billion).

“Regardless of the continuing challenges of the pandemic and heightened geo-political uncertainties, Reliance has delivered a sturdy efficiency in FY2021-22,” Chairman and Managing Director Mukesh Ambani stated in a press assertion. “I’m happy to report sturdy progress in our Digital Companies and Retail segments. Our O2C enterprise has confirmed its resilience and has demonstrated sturdy restoration regardless of volatility within the vitality markets,” Ambani stated.

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Revealed on: Friday, Might 06, 2022, 08:17 PM IST

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