Business News | Reliance Industries’ Profit After Tax Jumps over 18 Pc to Rs 21,327 Crore in Fourth Quarter

Mumbai (Maharashtra)[India], April 21 (ANI): Reliance Industries (RIL) has posted an 18.3 per cent jump in its profit after tax to Rs 21,327 crore for the quarter ended March 31, 2023, against Rs 18,021 crore in the year-ago period.

According to a statement from RIL, gross revenue went up 2.8 per cent to Rs 239,082 crore in the reviewed quarter, against Rs 232,539 crore. Earnings before interest, taxes, depreciation and amortisation (Ebitda) jumped 21.8 per cent to Rs 41,389 crore from Rs 33,968 crore in the year-ago period.

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Depreciation of the company surged 43.2 per cent to Rs 11,456 crore, against Rs 8,001 crore in the corresponding period the previous year. Finance costs went up 33.1 per cent to Rs 4,769 crore from Rs 3,584 in the year-ago period. The capital…



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