RIL posts annual consolidated revenues at ₹9.76 lakh crore
The Statesman|April 23, 2023
Reliance Industries Limited (RIL) has posted record annual consolidated revenues at Rs 9.76 lakh crore ($118.8 billion) for FY 2022-23, up 23.2 per cent year-on-year (Y-o-Y) supported by continuing growth momentum across all businesses.
RIL posts annual consolidated revenues at ₹9.76 lakh crore

Reliance's annual EBITDA crossed the benchmark of Rs 1.5 lakh crore for the first time, as the record-high EBITDA stood at Rs 1.54 lakh crore ($18.8 billion), up 23.1 per cent Y-o-Y.

Reliance also posted record annual consolidated profit after tax at Rs 74,088 crore ($9.0 billion), up 9.2 per cent Y-o-Y.

Reliance Jio extended its market leadership in 5G rollout with coverage across 2,300+ cities/towns; Jio has already deployed 60,000 5G sites across 700MHz and 3500MHz bands and is on track to complete pan-India rollout by December 2023.

Jio reported industry-leading subscriber growth with 29+ million net additions during the year. Its customer base stood at 439 million as on March 31, 2023.

Reliance Retail recorded accelerated store opening during the year with 3,300+ new stores, taking total retail area to 65.6 million sq ft.

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