{"id":489943,"date":"2022-05-07T10:15:40","date_gmt":"2022-05-07T04:45:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=489943"},"modified":"2022-05-07T10:34:11","modified_gmt":"2022-05-07T05:04:11","slug":"reliance-q4-net-rises-22-5-1st-indian-company-to-hit-100-bn-revenue","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-q4-net-rises-22-5-1st-indian-company-to-hit-100-bn-revenue\/","title":{"rendered":"Reliance Q4 net rises 22.5%; 1st Indian company to hit $100 bn revenue"},"content":{"rendered":"<p>Billionaire Mukesh Ambani&#8217;s Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business. <\/p>\n<p>The oil-to-retail-to-telecom conglomerate&#8217;s consolidated net profit rose to Rs 16,203 crore in the quarter ended March 31, 2022 from Rs 13,227 crore, the firm said in a statement.<\/p>\n<p>Net profit, however, fell 12.6 per cent sequentially &#8212; breaking a six-quarter chain of quarter-on-quarter improvement. <\/p>\n<p>Reliance&#8217;s earnings also rose because of a rise in broadband subscribers, online retail gaining traction and new energy investment picking roots.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Mukesh Ambani&#8217;s Reliance Industries Ltd on Friday reported a 22.5 per cent rise in net profit for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in the retail business. The oil-to-retail-to-telecom conglomerate&#8217;s consolidated net profit rose to Rs 16,203 crore in the quarter ended March 31, 2022 from Rs 13,227 crore, the firm said in a statement. Net profit, however, fell 12.6 per cent sequentially &#8212; breaking a six-quarter chain of quarter-on-quarter improvement. Reliance&#8217;s earnings also rose because of a rise in broadband subscribers, online [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-489943","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/489943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=489943"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/489943\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=489943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=489943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=489943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}