Mukesh Ambani-owned Reliance Industries Limited (RIL) on Friday posted a consolidated profit after tax (PAT) at ₹16,203 crore, up 22.5 per cent in the quarter ended March 31, 2022. It had posted a net profit of ₹13,227 crore in the year-ago period.
Reliance has four business verticals: O2C, which includes its oil refineries, petrochemical plants, and fuel retailing business; retail, which includes brick-and-mortar stores and e-commerce; digital services, which includes telecom arm Jio; and new energy.
Sequentially, the company's profit declined 12.6 per cent in the March quarter from ₹18,549 crore in the previous December quarter, breaking a six-quarter chain of quarter-on-quarter improvement.
RIL's revenue from operations has come in at ₹2,11,887 crore, up from ₹1,54,896 crore in the same quarter last fiscal.
Reliance became the first Indian company to cross $100 billion in sales revenues.
For the full fiscal 2021-22 (April 2021 to March 2022), Reliance reported a net profit of ₹60,705 crore on a revenue of ₹7.92 lakh crore (USD 102 billion).
The firm reported the highest-ever quarterly EBITDA (earnings before interest, taxes, depreciation and amortisation) of ₹33,968 crore, up 28 per cent year-on-year.