Question: RIL became the first Indian private firm to cross the quarter profit of:
(a) 8,000 crore
(b) 9,000crore
(c) 10,000 crore
(d) 15,000 crore
Answer: (c)
Related facts:
- Reliance Industries Limited (RIL) becomes the first Indian private sector firm to cross Rs. 10,000 crore of quarterly profit in total.
- This was achieved in the recent quarter profit of October- December 2018 of the company. The profit of the firm rose for the 16th straight quarter. The firm had jump in its revenue by 55.9% to Rs. 1,71,336 crore in October- December 2018.
- This is the highest profit posted by any private company. However public sector Indian Oil Corporation (IOC) has posted highest ever quarterly profit of Rs. 14,512.81 crore by any Indian firm in January- March 2013 quarter.
- RIL is oil to telecom conglomerate headquartered in Mumbai. The Chairman of the company is Asia`s richest person Mukesh Ambani.
Links:
https://economictimes.indiatimes.com/markets/stocks/earnings/ril-first-private-indian-firm-to-post-rs-10000-crore-profit-10-takeaways-from-q3-earnings/articleshow/67574840.cms
https://www.indiatoday.in/business/story/ril-becomes-india-s-first-private-firm-to-record-quarterly-profits-north-of-rs-10-000-crore-1433412-2019-01-18
https://www.business-standard.com/article/pti-stories/reliance-industries-shares-up-2-pc-post-dec-qtr-results-119011800350_1.html