Reliance Chairman Mukesh Ambani addresses RIL shareholders during the company’s 47th annual general meeting (AGM) on Thursday.
Reliance’s exports were Rs 2,99,832 crore ($35.9 billion), accounting for 8.2 per cent of India’s total merchandise exports.
Reliance Industries Ltd (RIL) Chairman on Thursday said the company posted a record consolidated turnover of Rs 10,00,122 crore ($119.9 billion) in FY24, becoming India’s first company ever to cross Rs 10 lakh crore ($119.9 billion) mark in the annual revenues.
Mukesh Ambani was addressing RIL shareholders during the company’s 47th annual general meeting (AGM) on Thursday.
Reliance’s EBITDA stood at Rs 1,78,677 crore ($21.4 billion), while the net profit was Rs 79,020 crore ($9.5 billion), he said. Ebitda stands for earnings before interest, tax, depreciation and amortisation.
“Reliance’s exports were Rs 2,99,832 crore ($35.9 billion), accounting for 8.2 per cent of India’s total merchandise exports. Reliance invested cumulatively over Rs 5.28 lakh crore ($66.0 billion) in the last three years,” Ambani said.
Reliance remained the single largest contributor to the national exchequer, contributing ₹1,86,440 crore ($22.4 billion) through various taxes and duties in FY 2023-24. In the last three years, Reliance’s contribution to the exchequer crossed ₹5.5 lakh crore ($68.7 billion), the highest by any Indian corporate.
Reliance also expanded its social impact with a 25% increase in its annual CSR spending to ₹1,592 crore ($191 million). With this, Reliance’s total CSR spend for the last three years crossed ₹4,000 crore ($502 million), the largest among all Indian corporates.
“With the success of our Atmanirbhar efforts, we are accelerating India’s transformation into a Deep-Tech Nation. Reliance spent over ₹3,643 crore ($437 million) in FY24 towards R&D, taking our spend on research to over ₹11,000 crore ($1.5 billion) in the last four years alone,” he said.
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