Reliance is India's highest profit earner

Wednesday 03rd June 2015 06:08 EDT

Mukesh Ambani- lead Reliance Industries has reported a profit of Rs 235.66 billion for the year 2014-15. The consolidated net profit for the full financial year was up by 4.8 per cent as compared to last year's Rs 224.93 billion. Reliance has also emerged as the top Indian corporate to earn the highest net profit, followed by Coal India, Tata Consultancy Services (TCS) and the state-owned Oil and Gas Corporation (ONGC). The company's profitability has helped sustain Mukesh Ambani's stature as the world's richest Indian with a net worth of $ 19.6 billion, according to Forbes.

Reliance was followed by Coal India, whose net profit stood at Rs 42.93 billion, IT major TCS came in at the third spot with 37.13 billion and was followed by Infosys at 30.97 billion.

Indian Oil was the highest quarterly net profit earner this season. It stood at Rs 62.85 billion. However, the net profit was down 33 per cent from Rs 93.89 billion in the corresponding quarter of the previous fiscal.

IOC was followed by ONGC, whose stand-alone net profit stood at Rs 39.35 billion and SBI whose net profit stood at Rs 37.42 billion.

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