Mumbai: Reliance Industries (RIL) has released the March quarter results. According to the results, the company’s profit has increased by 22.5 percent to Rs 16203 crore in the March quarter.
The company’s profit in the same quarter last year was Rs 13,227 crore. At the same time, the business income of the company has increased by 36.79 percent to Rs 211,887 crore.
In the same quarter last year, the company had earned Rs 154,896 crore through business. At the same time, RIL has become the first company in the country to cross the $100 billion income level in a year.
The company’s profit figures may look strong, although they have been less than the market estimates. The company’s operating margin stood at 10.1 percent. Margins were at 10.6 per cent in the December quarter, compared to 9.5 per cent in the same quarter a year ago.
RIL’s total income for the full year has been Rs 7,92,756 crore, which is equivalent to 104.6 billion dollars. After the results, Reliance Industries Chairman Mukesh Ambani said that the year 2020 of Reliance amid the pandemic and the ongoing tension around the world- The performance of 21 has been excellent. The digital and retail segment has performed very strongly during the year. The company’s board has also announced a dividend of Rs 8 per share.