Reliance Industries net profit up by 22.5% to & 16,203 cr in Q4, dividend declared

May 07, 2022 02:00 pm

Reliance Industries Limited (RIL) today posted a consolidated profit after tax (PAT) at ₹ 16,203 crore, up 22.5 per cent in the quarter ended 31 March, 2022 following strong performance across its energy, telecom and retail verticals. The company had posted a net profit of ₹ 13,227 crore in the year-ago period.

RIL's revenue from operations has come in at ₹ 2,11,887 crore from ₹ 1,54,896 crore in the same quarter last fiscal. It is now the first Indian corporate to cross $100 billion in sales revenues.

The board also recommended a dividend of ₹ 8 per equity share of ₹ 10 each for the financial year ended March 31, 2022.

The company's EBITDA, or earnings before interest, taxes, depreciation, and amortization for the year stood at record ₹ 1,25,687 crore ($16.6 billion), higher by 28.8 per cent.

RIL noted that the continuance of coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. The company's operations and revenue were impacted due to COVID-19. However, it added that during the year ended March 31, 2022, there is no significant impact of COVID-19 on the operations.