Reliance Jio gets 13 percent profit, 12 percent increase in revenue - Newztezz Online


Friday, April 21, 2023

Reliance Jio gets 13 percent profit, 12 percent increase in revenue

The quarterly results of Reliance Jio have come to the fore, there has been an increase in both profit and revenue of the company. It was being speculated that the profit of the company could be less.

Reliance Industries has started releasing its quarterly results after the market closed on Friday. First of all, the figures of Reliance's telecom Reliance Jio have come to the fore. The special thing is that Jio has presented good results bypassing all speculations and conjectures. Where Jio's profit has seen an increase. At the same time, there has also been a boom in revenue. Let us also tell you what kind of figures are being seen regarding Reliance Jio.

Reliance quarterly figures

1. Reliance Jio's net profit increased by 13 percent in the quarter ended March.

2. This means that the company has made a profit of Rs 4,716 crore.

3. While it was being estimated that the profit could be 4,666 crores.

4. In the same period last year, the company's profit was Rs 4,173 crore.

5. The operational revenue in the same period has been Rs 23,394 crore.

6. The company's operating revenue has seen a year-on-year growth of 12 percent.

7. The telecom arm of Reliance Industries reported an operating profit of Rs 12,210 crore in the fourth quarter, while the margin stood at 52.19 per cent.

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