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In a notable move, billionaire Mukesh Ambani-led Reliance Industries has declared a holiday for all its offices across the country on Monday, January 22, in observance of the Ayodhya Ram Temple ‘Pran Pratishtha’ ceremony, as reported by news agency ANI. This announcement comes swiftly on the heels of the conglomerate’s release of its October-December quarter results for fiscal 2023-24 (Q3FY24).
Reliance Industries reported a robust performance in Q3FY24, with a consolidated net profit of ₹19,641 crore, marking an 11% increase from the year-ago period’s ₹17,706 crore. The company’s gross revenue for the third quarter of the current fiscal rose by 3.2% year-on-year (YoY) to ₹2,48,160 crore, driven by sustained growth momentum in its consumer businesses.
The decision to declare a holiday aligns with the significance of the Ayodhya Ram Temple ‘Pran Pratishtha’ ceremony, showcasing the conglomerate’s recognition of cultural and religious events. This move is expected to allow employees across Reliance Industries to participate or observe the ceremony on January 22.
The conglomerate’s positive financial performance underscores its continued growth trajectory, with a focus on consumer-centric businesses contributing to the overall revenue increase. As Reliance Industries strategically balances its corporate responsibilities and business objectives, the declaration of a holiday reinforces the company’s commitment to cultural and religious observances.
