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Talking about the fourth quarter, the total revenue of Reliance Industries Group was Rs 1 lakh 72 thousand 95 crore, which is 24.9% higher than the January-March one year ago. Net profit stood at Rs 14,995 crore, which is 129% higher than the 6,348 crore made a year ago.
- 34.8% gain compared to a year ago
- Revenue for the quarter stood at Rs 1.72 lakh crore
- Company profit up 129% in quarter
Reliance Industries, the largest private sector company, has recorded a record profit of Rs 53,729 crore in FY 2020-21. This is 34.8% higher than the profit a year ago. The company has announced a dividend of Rs 7 per share. Dividend refers to giving some of its profits as a gift to investors.
Result released after the market closed
The company released its results after the market closed on Friday. Its shares were under pressure for two days. Even today it has closed with a fall. The company said that it created 75 thousand new jobs throughout the year.
14,995 crore profit in fourth quarter
Talking about the fourth quarter, the total revenue of Reliance Industries Group was Rs 1 lakh 72 thousand 95 crore, which is 24.9% higher than the January-March one year ago. Net profit stood at Rs 14,995 crore, which is 129% higher than the 6,348 crore reported a year ago. Earnings per share have been Rs 20.5 during this period. Talking only about Reliance Industries, its revenue has been Rs 90 thousand 792 crore, which has increased by 27.1%. Net profit has been Rs 7,617 crore, down 11.7%.
During this time the company exported goods worth Rs 46 thousand 406 crore. This is 47% higher than the same period a year ago.
Total Revenue 5.39 Lakh Crore Rupees
The company said that the total revenue of its entire group has been Rs 5 lakh 39 thousand 238 crore during the year. Compared to a year ago, it has increased by 18.3%. Earnings per share have been Rs 76.4, with a growth of 21.1%. Talking only about Reliance Industries, its revenue has been Rs 2 lakh 78 thousand 940 crore. This is 23.8% lower than a year ago. The net profit has been Rs 31,944 crore. It is 3.4% higher than a year ago.
Exports fell by 28.3%
Despite Corona, the company’s exports have been good. It exported goods worth 1 lakh 45 thousand 143 crores during the whole year. However, it was 28.3% lower than the year before.
Retail business declines
The company said that its retail business i.e.Reliance Retail’s total revenue during the whole year was 1 lakh 57 thousand 629 crore. Compared to a year ago, it has shown a decline of 3.3%. While the net profit of retail has been 5,481 crores throughout the year. This is a bit more. During this time, a total of 12 thousand 711 stories of the company were physically operational. During the year, it opened 1,456 new retail stores.
Retail quarterly revenue of 47 thousand crores
Talking about the quarterly business of Reliance Retail, its total revenue has been Rs 47 thousand 64 crore, which is 24.4% higher than the same period a year ago. Its profit for the quarter stood at Rs 2,247 crore, up 22.8%. Its total stores during the quarter stood at 12,711 and it opened 826 new stores during this period.
Chemical Revenue from Oil to 1 lakh 1 thousand Crore
Talking about the oil or chemical segment of the company, its total revenue in the quarter has been Rs 1 lakh 1 thousand 80 crore, which was Rs 96,732 crore a year ago. During the whole year it was 3.20 lakh crores. It has fallen by 29% compared to a year ago. The total revenue stood at Rs 4.51 crore in FY 2019-20. The decline was due to the price of brand crude at an average of $ 44.3 per barrel during this period. A year ago it was at an average of $ 61.1 per barrel.
Demand slumped in half
The company said that there was a huge drop in demand in the first half i.e. April to September 2020. The company had a total debt of Rs 2 lakh 51 thousand 811 crore as on 31 March 2021. However, in front of it, it had cash of Rs 2 lakh 54 thousand 19 crore and an amount equal to cash. In this way it has become a net debt-free company. The company invested 79 thousand 667 crore rupees during the year.
Challenging time for India- Ambani
Regarding the result, the company’s chairman Mukesh Ambani said that it has been a challenging time for India in a very extraordinary way. Our immediate need is to help the people of our country and community in the corona crisis. We have given our best resource to the country to fight the corona. Our Jamnagar facility is manufacturing life saving medical devices like oxygen. It is very much needed in many states.
Medical oxygen transport capacity is enhanced
He said that we have also taken an immediate step in increasing the capacity of transport of medical oxygen. All these contributions make us more satisfied with the strength of our company’s annual performance. We have done well in the chemical and retail segment and digital services business from Otusi Oil. Jio’s high speed connectivity services have helped work from home in millions of homes across the country. We have given 75 thousand new jobs during this time and have taken health and safety into consideration as well.
Jio gains Rs 12,537 crore in a year
The Jio platform has gained Rs 12,537 crore in a year. While its total subscriber base stood at 42.6 crores as on 31 March 2021. It has added 3.79 crore new customers in a year. During this time a total of 62.5 billion GB of data was used on this platform. It grew by 28.9%. The total value of its services was 86 thousand 493 crore rupees throughout the year.
3,508 crores in the quarter
Talking about the quarter, its profit in the quarter has been Rs 3,508 crore, which has increased by half a percent compared to a year ago. Meanwhile, its services have been valued at Rs 21,650 crore. It has declined by 5.3%. It has added 1.54 crore new customers in the quarter. Earnings per customer have been Rs 138.2. Whereas on monthly basis it was Rs. 151. Traffic for the quarter totaled 16.7 billion GB of data, showing a growth of 5.2%.
The company stated that the consumption of data per customer in the fourth quarter of 2020-21 was 13.3 GB monthly. While voice consumption has been 823 minutes per month per subscriber.
Media business remained steady
The company said that its media business too remained stable during this period. Media business reported revenue of Rs 1,641 crore in the fourth quarter, compared to Rs 1,687 crore a year ago. Its revenue for the year was Rs 5,459 crore, compared to Rs 6,186 crore a year ago.
