Business EconomyPosted at: Apr 22 2024 7:42PM

Mumbai, Apr 22 (UNI) Mukesh Ambani owned Reliance Industries on Monday announced 11 per cent jump in its revenue from operations at Rs 2,40,715 crore during Q4 of FY 24 compared to Rs 2,16,265 crore in the same quarter last year.
Net profit remained flat at Rs 21,243 crore in the January-March quarter of FY24 up 0.1 per cent from Rs 21,227 crore in the same quarter in the previous fiscal.
The company has recommended a dividend of Rs 10 per share, the company said in a regulatory filing with the stock exchange.
Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, RIL “Initiatives across RIL’s businesses have made a remarkable contribution towards fostering growth of various sectors of the Indian economy. It is heartening to note that alongside strengthening the national economy, all segments have posted a robust financial and operating performance.”
This has helped the Company achieve multiple milestones. “I am happy to share that this year, Reliance became the first Indian company to cross the Rs 100,000-crore threshold in pre-tax profits,” Ambani said.
Performance of the digital services segment has been boosted by accelerated expansion of subscriber base, supported by both mobility and fixed wireless services. With over 108 million True 5G customers, Jio truly leads the 5G transformation in India. From upgrading the hitherto 2G users to smartphones, to leading the effort of producing AI-driven solutions, Jio has proved its capability in strengthening the nation’s digital infrastructure, the company said.
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