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- Reliance AGM Date Annual Financial Report And Result | Detail Explained
Mumbai16 minutes ago
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Mukesh Ambani, MD and Chairman of Reliance Industries
The 47th Annual General Meeting (AGM) of Reliance Industries will be held on August 29. The company gave this information in its annual report.
Reliance today (7 August) presented the full accounts for the financial year 2023-24. In this report, the company presented the data of its entire business from its expenses and earnings.
- In the financial year 2024, Reliance Industries invested a total of Rs 1.32 lakh crore in its business. In FY23, it was Rs 1.42 lakh crore. In business language, this is called capital expenditure.
- Reliance Industries said that the company made this investment to expand its digital service network, expand its retail business, increase oil production and generate internal cash.
- Reliance Retail’s gross revenue grew 17.8% year-on-year in FY24. The company added a total of 1,840 stores during this period. Now the total number of Reliance Retail has increased to 18,836.
- In the financial year 2023-24, the consolidated EBITDA of the company i.e. earnings before paying interest and tax, maintaining the value of assets used in the company and paying franchise and other charges, stood at Rs 1.79 lakh crore.
- At the same time, after deducting all these expenses, the consolidated net profit of the company during this period stood at Rs 79,020 crore.
Oil and gas production increased by 53.2% annually
The company’s total domestic production in the oil and gas sector grew 53.2% year-on-year to 268.6 BCFe (billion cubic feet). During this period, the company’s EBITDA grew 48.6% year-on-year.
Highlights of Reliance’s annual report
- The country’s first company whose market value is more than ₹ 20 lakh crore
- The 48th largest company in the world in terms of market capitalization
- Consolidated revenue of the company is more than Rs 1 lakh crore
- Exports worth ₹2,99,832 crore in FY 2023-24
- The company provided 1.7 lakh new jobs between April 2023 and March 2024
- Under CSR, the company spent ₹1,592 crores on social work
The company’s chairman did not take salary for the fourth consecutive year
Reliance Industries Limited Chairman Mukesh Ambani has not taken any salary from his company for the fourth consecutive year. However, his children took fees and commission for being on the company’s board.
Mukesh Ambani said- there is improvement in the quality of life of common people
- Reliance Industries Chairman and MD Mukesh Ambani said, ‘Working for India and Indians has given us many opportunities for growth, due to which we have expanded our business portfolio significantly. With the help of this, we are able to meet the needs of crores of people of India.’
- Ambani expressed confidence that India’s changing demography will play an important role in the company’s development. India’s working population has increased to 45 crores and household income is also increasing. He said, the quality of life of common people is improving. Along with the income of people, the demand for goods and services is increasing rapidly.
Reliance is India’s largest private sector company
Reliance is India’s largest private sector company. Reliance currently operates in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewable energy (solar and hydrogen), digital services and retail sectors.
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