Mumbai : Mukesh Ambani, chairman of India’s largest conglomerate Reliance Industries on Friday said that while COVID-19 has disrupted livelihoods across the country, his company has added nearly 75000 jobs to the economy.
“We have registered robust recovery in O2C and retail segment, and resilient growth in Digital Services business. Sustained high utilization rates across sites and improvement in downstream product deltas as well as transportation fuel margins aided O2C earnings growth. Our consumer businesses have proved to be a digital and physical lifeline for the nation in these challenging times. Jio’s high-speed connectivity services enabled millions of Indians work from home, study from home and even receive healthcare from home. Reliance Retail ensured safe supplies of essentials goods and services to customer homes. And while COVID-19 has disrupted livelihoods, we have added nearly 75,000 jobs to the economy, while ensuring the health and safety of our employees and their families” he said while releasing the company’s quarterly results.
RIL net profit doubles to Rs.13,227 Cr in Q4
RIL on Friday reported 108 per cent YoY growth in consolidated net profit at Rs. 13,227 crore for the quarter ended March 2021 as against Rs. 6348 crore in the corresponding quarter last year. However, on Quarter on Quarter basis the net profit grew by 1 per cent against Rs.13101 crore in the December quarter.
The company’s consolidated revenue from operations was at Rs 1,54,896 crore in Q4FY21 increased by 11 percent compared to year-ago quarter, and the sequential increase in topline was at 24.9 percent.
RIL board has declared a final dividend of Rs.7 per share for the 2020-21 financial year.