Mukesh Ambani on financial results
From RIL AGM 2023 LIVE | RIL'S 46th Annual General Meeting | Mukesh Ambani | Reliance · · News18 Debate & Interview
“Reliance's consolidated revenues stood at 9 lak 74,864 crores. Reliance's eida for the financial year 23 was 1 lak 53,920 crores. While the net profit was rupees 73,670 crores.”
On , Mukesh Ambani, Chairman & Managing Director at Reliance Industries, spoke about financial results during RIL AGM 2023 LIVE | RIL'S 46th Annual General Meeting | Mukesh Ambani | Reliance on News18 Debate & Interview.
About Mukesh Ambani
During Reliance Industries' Q4 FY26 earnings conference call on April 29, 2026, Mukesh Ambani described the macroeconomic environment as "totally unprecedented," noting that Dubai crude surged to $168 per barrel and LNG prices rose to about $27 per mmBtu. He cited a supply shock impacting industry and consumer confidence, along with rupee depreciation of 11% for the year and 4% in March, as areas of concern. Ambani also mentioned that insurance premiums for shipping had risen from a few thousand dollars to as high as $65,000 or more due to the warlike situation. Ambani stated that Reliance had secured crude cargoes from diverse sources including Venezuela, Russia, Brazil, and Mexico, leveraging its ability to process over 200 grades of crude. He highlighted the signing of what he called "one of the world's largest green ammonia supply contracts" with Samsung CND, and said the government had formed a joint working group to ensure critical sectors are not starved of feedstocks, with exceptions being made from the LPG control order. For the company's telecom business, Ambani identified priority areas as gaining market share in mobility, home services, and enterprises, as well as scaling up recently launched digital services.