RIL Q4 consolidated net profit up 22.5%; FY22 revenue at Rs 7 trillion
Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit of Rs 16,203 crore for the quarter ended March 31, 2022 (Q4 FY22), up 22.5 per cent over the year-ago period’s Rs 13,227 crore but slightly short of expectations.
A poll of analysts by Bloomberg had pegged net profit at Rs 16,819 crore for Q4.
But for the exceptional income of Rs 2,836 crore in the December 2021 quarter, net profit would have been its highest quarterly profit ever. Revenues and Ebitda for the quarter were its highest ever. Likewise, revenues, Ebitda and net profit for FY22 were RIL’s highest annual figures for all time.
