In the statement of profit and loss for 2019-20, the profit before tax shown by Reliance Industries was Rs 40,316 crore on a revenue of Rs 365,202 crore. Continuous investments on fresh projects helped the company claim large amounts as depreciation/amortisation expense. These amounted to Rs 9728 crore for 2019-20. Such financial management had enabled the industrial giant to keep tax outgo pretty low: for the year current tax was shown as Rs 7200 crore and deferred tax as Rs 2213 crore.
