Reliance Industries became the first Indian company to cross the Rs 1 lakh crore threshold in pre-tax profits.The company announced its quarterly earnings for January-March period on Monday. The oil-to-chemicals conglomerate recorded annual consolidated revenue of Rs 10 lakh crore, up 2.6% on a year-on-year basis. It also declared a final dividend of Rs 10 per share. Though the net profit declined by 2% to Rs 18,951 crore for the reported quarter, it exceeded the Street estimates which predicted PAT at Rs 18,227 crore.
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