Shock to Reliance, profit declined by 65 percent in January-March quarter

New Delhi. The January-March quarter was nothing special for Reliance Industries. Earlier the company’s chairman Mukesh Ambani was out of the list of top 10 billionaires of the world, while now the company’s profit has fallen by 65 percent. According to the latest report, the consolidated profit of Reliance Group’s company Reliance Industrial Infrastructure Limited declined by 65 percent in the January-March quarter. The company’s profit has fallen to Rs 1.06 crore.

The company has given this information to the stock market, according to which there has been a big decline in the profit for the financial year 2021-22 and it has fallen to Rs 1.06 crore, while the consolidated profit of the company in the January-March quarter of the financial year 2020-21 Three crores was Rs. However, the total income of the company has increased to Rs 19.65 crore from Rs 18.88 crore in the corresponding quarter of last financial year.