Reliance Industries Declares Results For FY 2020-21

Reliance Industries declared the results for the financial year 2020-21 on March 31 on Friday. The company made a total profit of Rs 53,739 crore during this period. It has also registered a growth of 34.8 percent. The company has announced a dividend of seven rupees per share to its shareholders.

According to the release issued by Reliance Industries, Jio Platform Ltd had gross income of Rs 32,359 crore. Similarly, Reliance Retail Ventures Ltd had gross income of Rs 9,789 crore.

Profit Up 129 Percent in Fourth Quarter

Talking about the fourth quarter of the ended financial year, the net profit of the company during this period increased by 129 percent over the previous year. It stood at Rs 14,995 crore, which is much higher than the experts estimate.

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11 Percent Increase In Revenue

On the basis of market capitalization, the consolidated income of the country’s largest corporate group stood at Rs 1.54 lakh crore, an increase of 11 per cent over the previous year.

Oxygen Supply From Jamnagar Refinery, 75 Thousand Got Employment

The company said that medical oxygen is being supplied from the Jamnagar refinery to deal with the ongoing pandemic in the country. Apart from this, food is also being provided. The company has also set up COVID Care Hospitals. In the year under review, the company has provided employment to 75 thousand people.

Total Customers of Jio 42.60 Crore in FY 2020-21

According to Reliance, the total subscribers of its telecom company Jio Platform Ltd. stood at 42.60 crores. The company added 3.10 crore new customers in the fourth quarter of the year under review. Jio also undertook various ground work to deal with the challenge of Corona during this period.