The profit of Reliance Industries has doubled to Rs 13,227 crore in the fourth quarter of the financial year 2020-21. Reliance said in a statement that its net profit was up 108 percent to Rs 13,227 crore in the January-March quarter. Whereas in the same quarter last year, the company had a profit of Rs 6,348 crore. Reliance Industries is the highest capitalization company in the country. If we talk sequentially, the profit of Reliance Industries has increased by one percent from Rs. 13,101 crores. Operating income of the company increased by 11 percent to Rs 1.55 lakh crore.
Reliance said in a statement that life-saving medical oxygen will continue to be produced in Jamnagar. This is in addition to the establishment of Covid-19 Care Hospital and free food for the people there. The company has said that this year it has created 75 thousand new jobs.
The company’s total income increased to Rs 1,72,095 crore in the quarter under review. It was Rs 1,51,461 crore in the fourth quarter of 2019-20 a year ago. The company has increased profits in the petrochemicals and retail businesses.
Reliance Industries said that its profit in this financial year has been Rs 53,739 crore, which is 34.8 percent more than the previous year. Reliance’s operating profit (EBITDA) stood at Rs 97,580 crore this fiscal, down 4.6 percent. Reliance Jio’s digital arm Net Profit rose 0.5 percent to Rs 3508 crore in the quarter. While the operating profit of Jio is Rs 8573 crore.
Reliance Jio’s average revenue per customer has been Rs 138.2, compared to Rs 151 in the previous quarter. During this time, Reliance Jio has added 1.54 crore new customers. The net profit of Reliance Retail, the retail arm of Reliance, has risen 23 percent to Rs 2247 crore. The company has 12,711 stores operating and 826 new stores are opening this quarter.