Company's net profit grew by 22.5%,
Winning Bizness Desk
Mumbai. Reliance Industries announced its results for the quarter ended March 31 on Friday in which it told that the company's net profit for the quarter grew 22.5% year-on-year to Rs 16,203 crore. It was Rs 13,227 crore in the same quarter last year. Revenue from operations grew by 36.79% to Rs 211,887 crore as against Rs 154,896 crore last year. The company had a revenue of $104.6 billion (Rs 7,92,756 crore) in FY22. Reliance is the first Indian firm to have $100 billion in revenue.
Dividend also announced
Reliance has also announced a dividend of Rs. Reliance shares closed at Rs 2,628, down Rs 12.90, or 0.49%, on Friday. In the day's trade, the stock made a low of 2,593.55 and a high of 2,659. The stock has given a return of 9.32% since the beginning of this year, while the Sensex has lost 7.35% during this period. Talking about the last one year, the company has given a return of 36%. The Sensex gave a return of 11.44% during this period.
Operating margin stood at 10.1%
Operating margin stood at 10.1% for the March quarter, as against 10.6% in the December quarter and 9.5% in the year-ago quarter. Net margin for the quarter stood at 7.7%, up from 9.8% in the December quarter and 8.7% in the year-ago quarter.
What Mukesh Ambani says
Mukesh Ambani, Chairman and Managing Director, Reliance said, “Despite the ongoing challenges due to the pandemic and increasing geopolitical uncertainty, Reliance has delivered a strong performance in FY 2021-22. I am pleased with the strong growth in our digital services and retail segments." He added, "Our O2C business has shown a strong recovery despite volatility in the energy market."