NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Narendra Modi
    Amit Shah
    Box Office Collection
    Bharatiya Janata Party (BJP)
    OTT releases
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout

    India
    Business
    World
    Politics
    Sports
    Technology
    Entertainment
    Auto
    Lifestyle
    Inspirational
    Career
    Bengaluru
    Delhi
    Mumbai

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
    Home / News / Business News / Reliance becomes first Indian firm to hit ₹10L crore revenue
    Summarize
    Next Article
    Reliance becomes first Indian firm to hit ₹10L crore revenue
    Net profit stood at ₹79,020 crore

    Reliance becomes first Indian firm to hit ₹10L crore revenue

    By Dwaipayan Roy
    Aug 29, 2024
    07:33 pm

    What's the story

    Reliance Industries Limited (RIL) has set a new record, by becoming the first Indian company to surpass ₹10 lakh crore in annual revenues.

    The announcement was made by RIL Chairman Mukesh Ambani during the company's 47th annual general meeting (AGM).

    Ambani also disclosed RIL's earnings before interest, tax, depreciation, and amortization (EBITDA) for FY24, which stood at ₹1.78 lakh crore. The company's net profit was reported to be ₹79,020 crore.

    Export earnings

    Contribution to India's total merchandise exports

    In FY24, RIL's exports amounted to ₹2.99 lakh crore, accounting for 8.2% of India's total merchandise exports. Over the past three years, the company has invested over ₹5.28 lakh crore. These figures highlight RIL's significant role in India's export sector and its commitment to continual investment.

    Social responsibility

    Tax contributions and CSR initiatives

    RIL has made significant contributions to the national exchequer, with a total of ₹1.86 lakh crore paid in various taxes and duties in FY24.

    Over the past three years, this figure has exceeded ₹5.5 lakh crore.

    The company also increased its annual CSR spending by 25% to ₹1,592 crore, bringing its total CSR expenditure over the last three years to over ₹4,000 crore.

    R&D focus

    Investment in research and development

    Ambani highlighted RIL's commitment to research and development (R&D), with an investment of over ₹3,643 crore in FY24. This brings the company's total R&D expenditure to over ₹11,000 crore in the past four years alone.

    Business growth

    Media business and retail sector achievements

    RIL's media business generated over ₹10,000 crore in revenue, marking an industry-leading growth of 49%.

    Viacom18, the entertainment division of the firm, saw a remarkable growth of 62% driven by its sports segment.

    Meanwhile, Reliance Retail recorded a gross revenue of ₹3.06 lakh crore, up by 17.8% from last year.

    Facebook
    Whatsapp
    Twitter
    Linkedin
    Related News
    Latest
    Mukesh Ambani
    Reliance Retail
    Reliance Industries

    Latest

    Prince, Arjun Bijlani, more reality stars who won jaw-dropping prizes Arjun Bijlani
    Tottenham Hotspur beat Manchester United, win Europa League title: Stats Tottenham Hotspur FC
    'Good Sex': All about Netflix romcom featuring Natalie Portman-Mark Ruffalo  Mark Ruffalo
    Mitchell Santner floors Delhi Capitals with 3/11: Key stats Mitchell Santner

    Mukesh Ambani

    'Barbie' Priyanka, her 'Ken' Nick steal show at Anant-Radhika wedding Mumbai
    Ambani-Merchant wedding: First glimpse of Radhika finally arrives  Weddings
    It's official! Anant Ambani-Radhika Merchant are now married Antilia
    Anant-Radhika's wedding: Nita Ambani honors family through traditional 'mehendi' design Nita Ambani

    Reliance Retail

    Army canteens are the most profitable retail chains in India India
    Second round of JioPhone bookings to start after Diwali: Reports Diwali
    First reported case of JioPhone exploding, company calls it sabotage Jammu And Kashmir
    Reliance JioMart now live across 200 Indian cities: Details here Navi Mumbai

    Reliance Industries

    M-cap of HDFC, ICICI, and Infosys soars by ₹1.06L crore HDFC Bank
    Reliance becomes first Indian company to cross ₹21 trillion m-cap Sensex
    Sensex tanks 210 points, Nifty retains 24,000 mark Stock Market
    M-cap of top 9 firms soar, add ₹2.89 lakh crore Bharti Airtel
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2025