Reliance Industries Limited (RIL) Chairman Mukesh Ambani began the 44th Annual General Meeting, held virtually, by announcing that the business and financial success since the last AGM has exceeded expectations during the pandemic according to the reports.
Ambani pegged the company’s consolidated revenue at Rs 5,40,000 crores and consolidated EBITDA at Rs 90,000 crores, of which nearly 50 percent was contributed by consumer business at the meeting the reports state.
The overall growth in net profits was recorded at Rs 53, 739 cores, a 34.8 percent increase in contrast with last year. “Despite the pandemic, we increased the dividends this year,” Ambani said.
At Rs 1,45,143 crore (US$ 19.9 billion) RIL retains the status of the country’s largest exporter accounting for 6.8% of India’s total merchandise exports across 107 countries.
Global Business Line Team