The result of the country’s most valuable company Reliance Industries has come. The company has made a huge investment of 1.42 lakh crores in the financial year 2022-23, yet its profit has increased by 19 percent.
richest man in asia Mukesh Ambani Company Reliance Industries has released the results for the January-March quarter. A special thing has come to light in this that the company has made a huge capital expenditure ie investment of Rs 1.42 lakh crore during the financial year 2022-23. Despite this, growth has been seen in the profit of the company.
Reliance Industries The consolidated net profit of the company increased by 19 percent to Rs 19,299 crore in the January-March quarter. While during the same period, the company’s income has increased by 2 percent to Rs 2.16 lakh crore.
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Retail and digital business made Ash
Its digital and retail business has played a major role in increasing Reliance’s income and profits. When the company started releasing its results late on Friday night, it first released the results of these two companies.
- digital business of reliance Jio Platforms The consolidated income in the fourth quarter of 2016 has been Rs 29,871 crore. This is 14.3 percent more than the same quarter last year. The operating profit of the company has increased by 16 percent to Rs 12,767 crore.
- Similarly, the company’s retail business Reliance Retail The consolidated income of the company increased by 19 percent to Rs 69,267 crore in the January-March quarter. While the operating profit of the company has increased by 33 percent to Rs 4,914 crore.
See also: Reliance Jio is doing great, profit crossed 4,700 crores in 3 months
Declining energy and oil business
The income of Reliance Industries’ core business Petroleum 2 Chemical is declining. Its revenue in the fourth quarter has been Rs 1.29 lakh crore. This is 12% less than the same period last year. Well, the main reason for this is the sharp fall in the prices of crude oil.
However, during this period its operating profit has increased by 14.4 percent to Rs 16,293 crore. Reliance Industries currently has a net debt of Rs 1.10 lakh crore.
Reliance Industries is the most valuable company in the country. According to the market capitalization, the value of the company is Rs 15,89,169.49 crore. Company’s chairman Mukesh Ambani is the richest person not only in India but in Asia.