28 August,2023 02:42 PM IST | Mumbai | mid-day online correspondent
Mukesh Ambani, File photo/AFP
Reliance Industries, India's conglomerate powerhouse, has released its consolidated financial results for the fiscal year 2022-2023, showcasing robust growth across multiple fronts.
The company reported a staggering consolidated revenue of â¹9,74,864 crore, cementing its position as a major player in India's corporate landscape. Reliance's EBITDA for FY23 reached â¹1,53,920 crore, underscoring its sustained profitability, while the net profit stood at â¹73,670 crore.
One of the notable highlights of Reliance's performance was its remarkable export growth, surging by 33.4 per cent to reach â¹3.4 lakh crore for the year. This translated to an increased share of India's merchandise exports, accounting for over 9.3 per cent, up from 8.4 per cent in the previous year.
Moreover, Reliance's contribution to the national exchequer was a substantial â¹1,77,173 crore, including a significant rise in both direct and Indirect taxes, amounting to over â¹16,639 crore. The company's commitment to its social responsibility initiatives was evident with the highest-ever Corporate Social Responsibility spending of â¹1,271 crore.
ALSO READ
Up and about: Bye bye Bappa!
Deepika Padukone, Ranveer Singh's fathers attend Ambani Ganpati celebration
Kareena Kapoor, Saif Ali Khan at Ganesh Chaturthi celebration at Ambanis
Salman Khan arrives in style at Ambani's Ganesh Chaturthi celebration
Anant Ambani comes on board Lalbaugcha Raja Ganpati Mandal
Also read: Maharashtra: 3 more held for attack on Scheduled Caste persons in Ahmednagar
A key indicator of Reliance's impact on the economy was its remarkable role in employment generation. The company created an impressive 2.6 lakh jobs across its diverse businesses during the fiscal year, bolstering its on-roll employee count to nearly 3.9 lakh. The company's ripple effect was even more pronounced, as it played a pivotal role in generating numerous indirect livelihood opportunities.
