Reliance Industries Ltd (RIL) share price is in focus today after the company came out with March quarter earnings last week.
RIL on May 6 reported 22.5 percent year-on-year growth in its consolidated net profit to Rs 16,203 crore, which was below expectations of Rs 17,167 crore.
The oil-to-telecom conglomerate's consolidated revenue from operations surged 36.8 percent year-on-year to Rs 2.1 lakh crore in line with Street's estimate.
The company's board also recommended a dividend of Rs 8 per share for the financial year ended March.
For FY22, RIL reported record-high gross revenues of Rs 7.92 lakh crore or $104.6 billion, making it the first Indian company to achieve the $100 billion mark.
It also reported record annual consolidated net profit of Rs 67,845 crore for the financial year.
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