Correct Answer : Option (C) - 100 Billion Dollars
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday(6th May 2022) reported a 22.5 percent rise in net profit for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business.
The oil-to-retail-to-telecom conglomerate's consolidated net profit rose to ₹16,203 crore in the quarter ended March 31, 2022 from ₹13,227 crore, the firm said in a statement.
* Net profit, however, fell 12.6 percent sequentially -- breaking a six-quarter chain of quarter-on-quarter improvement.
* Reliance's earnings also rose because of a rise in broadband subscribers, online retail gaining traction and new energy investment picking roots.
* Consolidated revenue of the nation's biggest company by market value rose 35 percent year-on-year to ₹2.32 lakh crore in the fourth quarter of FY22.
* 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).
* It is the first Indian company to have crossed
USD 100 billion revenue in a year.
Source : Hindustan Times
Published On : May 9, 2022
Category : Business and Economics
