Industrialist Mukesh Ambani’s Reliance Industries Limited (RIL) has become the first Indian company to generate $100 billion annually. Earlier recently, Reliance had crossed the Rs 19 lakh crore mark in market capital. This is the second major success of Reliance within about 15 days.
Reliance Industries’ net profit rose to Rs 60,705 crore during the full financial year 2021-22. At the same time, the income increased to Rs 7.92 lakh crore ($ 102 billion).
The condition of Reliance Retail: Reliance Retail Ltd’s profit jumped 2.43 per cent to Rs 3,705 crore in the fourth quarter of FY 2021-22. The company’s profit before tax stood at Rs 3,617 crore in the last quarter of FY 2020-21.
The company’s operating income from all retail segments grew by 23.09 per cent to Rs 50,834 crore during the quarter, as against Rs 41,296 crore in the corresponding quarter of the previous year.
For the full financial year 2021-22, the company’s profit before tax grew by 26.47 per cent to Rs 12,381 crore. Which was earlier Rs 9,789 crore in 2020-21. Its gross income during the last financial year stood at Rs 1,99,704 crore. This is 26.69 per cent higher as against Rs 1,57,629 crore in 2020-21.