Reliance Industries Limited (RIL), an Indian multinational conglomerate company, has reported 18.3 per cent revenue decline to ₹539,238 crore in its complete fiscal 2021 ended on March 31, 2021, compared to the revenue of ₹659,997 crore in the previous fiscal. However, the company’s profit for the period rose to ₹53,739 crore (FY20: ₹39,880 crore).
Reliance Industries Limited (RIL), an Indian multinational conglomerate company, has reported 18.3 per cent revenue decline to ₹539,238 crore in its complete fiscal 2021 ended on March 31, 2021, compared to the revenue of ₹659,997 crore in the previous fiscal. However, the company's profit for the period rose to ₹53,739 crore (FY20: ₹39,880 crore).#
“These are extraordinarily challenging times for India. Our immediate priority is to help our country and community tide over the Covid crisis,” Mukesh Ambani, chairman and managing director at Reliance Industries Limited, said in a press release.
Reliance Industries Limited (RIL), an Indian multinational conglomerate company, has reported 18.3 per cent revenue decline to ₹539,238 crore in its complete fiscal 2021 ended on March 31, 2021, compared to the revenue of ₹659,997 crore in the previous fiscal. However, the company's profit for the period rose to ₹53,739 crore (FY20: ₹39,880 crore).#
Reliance retail revenues for FY21 dropped to ₹ 157,629 crore (₹162,936 crore). According to the company, apparel & footwear business delivered a strong quarter of double-digit growth, led by higher conversions and bill values. AJIO sustained its strong momentum with 4x growth in revenues and a marked improvement across customer metrics and operating parameters over last year.
Reliance Industries Limited (RIL), an Indian multinational conglomerate company, has reported 18.3 per cent revenue decline to ₹539,238 crore in its complete fiscal 2021 ended on March 31, 2021, compared to the revenue of ₹659,997 crore in the previous fiscal. However, the company's profit for the period rose to ₹53,739 crore (FY20: ₹39,880 crore).#
Revenue for oil to chemicals segment slipped to ₹320,008 crore (₹451,355 crore). During the fourth quarter (Q4) FY21, PX (paraxylene), PTA (purified terephthalic acid) and MEG (mono ethylene glycol) prices strengthened by 37 per cent, 36 per cent and 35 per cent Q-o-Q respectively amidst increased feedstock price and improved downstream demand.
Reliance Industries Limited (RIL), an Indian multinational conglomerate company, has reported 18.3 per cent revenue decline to ₹539,238 crore in its complete fiscal 2021 ended on March 31, 2021, compared to the revenue of ₹659,997 crore in the previous fiscal. However, the company's profit for the period rose to ₹53,739 crore (FY20: ₹39,880 crore).#
“We have registered robust recovery in O2C and retail segment, and resilient growth in digital services business. Sustained high utilisation rates across sites and improvement in downstream product deltas as well as transportation fuel margins aided O2C earnings growth,” Ambani said.
Fibre2Fashion News Desk (JL)
20240830145952.gif)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
