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Reliance crosses USD 100 billion annual revenue

Reliance crosses USD 100 billion annual revenue

Reliance Industries become the first Indian company to record annual revenue of more than a whopping $100 billion.

The company has recorded a 22.5% rise in net profit for the quarter ended March 2022. Reliance has recorded strong growth in retail, digital services, and the oil & gas business.

The company has also reported the highest-ever quarterly EBITDA (earnings before interest, taxes, depreciation and amortisation) of ₹33,968 crores (28% up) year-on-year.

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