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On Friday, Mukesh Ambani-led Reliance Industries Limited became the first Indian company to surpass a gross revenue of over $100 billion or about Rs 792,756 crores in a year.
The company reported a 22.5 percent rise in net profit for the quarter ended March. Its annual profit after tax neared the $10-billion mark, as it stood at Rs 67,845 crore ($9 billion) increasing by 26.2 percent.
Reliance Retail continued to grow with a revenue of Rs 58,019 crore, while Jio reported revenue of Rs 20,901 crore, up 20.5 percent from the previous year.
Reliance Industries also reported a consolidated EBITDA (earnings before interest, taxes, depreciation, and amortisation) of Rs 33,493 crore in the January-March quarter, up by 28 percent year-on-year.
Its net profit, however, fell 12.6 percent sequentially, PTI reported, breaking a six-quarter chain of quarter-on-quarter improvement.
"Over the past year, we added over 2.1 lakh new employees across our businesses with our consumer & technology biz creating a large part of these new jobs. I am pleased to report that our Retail biz has crossed 15,000 store benchmark," he said.
(With inputs from PTI and IANS)
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