Reliance becomes 1st Indian company to cross $100 bn annual revenue

Reliance becomes 1st Indian company to cross $100 bn annual revenueReliance Industries become the 1st Indian company that has generated a record annual revenue of more than a whopping $100 billion. 

  • The company accounted for a record 22.5% rise in net profit for the quarter ended March 2022. 
  • it has also gained a strong growth in retail, digital services, and the oil & gas business and also marked the highest-ever quarterly EBITDA (earnings before interest, taxes, depreciation and amortisation) of Rs 33,968 crores (28% up) year-on-year.

Reliance’s earnings / revenue

  • Reliance has reported a net profit of Rs 60,705 crore on a revenue of Rs 7.92 lakh crore (USD 102 billion) for the full fiscal 2021-22 (April 2021 to March 2022). 

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