Mumbai-headquartered Reliance Industries Limited reported lower consolidated revenue from Rs 6,12,437 crore in FY 2020 to Rs 4,86,326 crore in FY 2021. In Q4 FY 2021, the consolidated revenue from operations was at Rs 1,54,896 crore. However, RIL’s profit after tax was up at Rs 53,739 crore in FY 2021.
The company’s earnings before interest and taxes for the full year FY 2021 was Rs 62,460 crore. In FY 2021, the company’s profit before tax was at Rs 55,461 crore.
The outbreak of Coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. The Company’s operations and revenue during the period were impacted due to COVID-19.
The company has taken into account the possible impact of COVID-19 in preparation of the audited standalone financial results, including its assessment of the recoverable value of its assets based on internal and external information upto the date of approval of these audited standalone financial results and current indicators of future economic conditions, stated RIL in its filing.