Ambani has divided his business among his three children. He has given the command of telecom business to elder son Akash Ambani while retail business has been entrusted to daughter Isha Ambani. Younger son Anant Ambani has been given the oil refining and petrochemicals business. Experts say that Mukesh Ambani himself is looking into the green energy business. Let us know that Reliance’s business has earned the highest profit in the December quarter.
The revenue of Jio Platforms, the telecom company of Reliance Industries, was Rs 29,195 crore in the December quarter, which is its record so far. The company’s operating margin during this period stood at Rs 12,519 crore. The company’s consolidated profit increased by 28.6 percent to Rs 4,881 crore. The company’s average revenue per user reached Rs 178.2 in the December quarter, compared to Rs 177.2 in the previous quarter. As of December 31, the company had 43.29 crore customers as against 42.76 crore in the previous quarter.
Reliance Retail- Isha Ambani
Reliance Retail also registered record quarterly revenue and Ebitda in the December quarter. The company’s revenue from operations grew by 17 per cent to Rs 67,634 crore. During this period, the company’s net profit also increased by 6.2 percent to Rs 2,400 crore. The company’s profit in the same quarter last year was Rs 2,259 crore. The company says that footfall at its stores in the December quarter stood at 201 million, which is 25 per cent higher than last year. This figure was 18 crore in the September quarter and 16 crore in the December quarter of last year.
Reliance’s O2C business saw a 10 per cent jump in revenue in the December quarter as compared to the previous year due to a rise in crude oil prices. The revenue of this business of Reliance reached 1.44 lakh crores. The company’s exports in this segment grew by 21 per cent to Rs 78,331 crore. This is more than 54% of the total revenue of the company. However, the share of this business in the total revenue of Reliance is continuously decreasing. It has come down to 72 per cent in the first quarter of this financial year, 68.5 per cent in the second quarter and 65.8 per cent in the third quarter.
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