Which Company became the first-ever private company in India with a quarterly profit of over Rs 10,000 crore?
A. Reliance Industries Ltd
B. Adani Enterprises
C. Reliance Power
D. TCS
Answer:A
Which Company became the first-ever private company in India with a quarterly profit of over Rs 10,000 crore?
A. Reliance Industries Ltd B. Adani Enterprises C. Reliance Power D. TCS
Explanation: Mukesh Ambani-led Reliance Industries Limited (RIL) on 17 January 2019 posted an 8.8% rise in third-quarter profit at Rs. 10,251 crore, thus becoming the first Indian private company to post Rs. 10,000 crore profit in a quarter. RIL’s consolidated revenues spiked 55.9% to Rs 1,71,336 crore in Q3 FY19 vs Rs 1,09,905 crore in Q3 FY18. Reliance Jio Infocomm net profit for the reporting quarter stood at Rs 831 crore, up 65% from a profit Rs 504 crore in same quarter last year.