Reliance created over 50,000 jobs since the beginning of the pandemic

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Mumbai: Reliance Industries, India’s largest company by market capitalisation, has added over 50,000 jobs since the start of the pandemic in March last year.

Most of these jobs are created by Reliance Retail by opening new stores. In the quarter ended December 2020, Reliance retail has added 327 stores taking the count to 12,201.

Reliance group on Friday reported 12.55 percent rise (YoY) in net profit to Rs.13101 crore in the October-December quarter of FY21. It was Rs.11640 crore in the Q3 of FY20. On sequential basis, RIL has reported 23.5 percent growth in net profit, from Rs.10601 in the July-Sept quarter.

Consolidated revenue from operations of the company has increased 6.7 percent quarter-on-quarter (QoQ) to Rs 1,23,997 crore, from Rs 1,16,195 crore in the July-September quarter 2020.

“At a time when the Indian economy is poised for a confident recovery, we at Reliance are humbled that we have been able to contribute to it with our Company’s impressive performance in the third quarter of FY21. We have delivered strong operational results during the quarter with a robust revival in O2C and Retail segments, and a steady growth in our Digital Services business. I am proud that Reliance has employed 50,000 more people since March 2020” said Mukesh Ambani, Chairman, RIL.

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