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Jio posts net profit of Rs 5,337 crore in January-March quarter

By IANS | Updated: April 22, 2024 18:20 IST

Mumbai, April 22 Reliance Jio Infocomm Ltd's net profit rose to Rs 5,337 crore in the January-March quarter, ...

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Mumbai, April 22 Reliance Jio Infocomm Ltd's net profit rose to Rs 5,337 crore in the January-March quarter, marking a 2.5 per cent rise over the preceding quarter on the back of an addition in net subscriber base, according to an exchange filing.

Reliance Jio's revenues went up 2 per cent to Rs 25,959 crore, Ebitda rose 2.5 per cent to Rs 13,612 crore, while the Ebitda margin stood at 52.4 per cent vs 52.3 per cent.

The shares of Reliance Industries closed 0.77 per cent higher on Monday ahead of the declaration of the results, as compared to 0.86 per cent gain in the NSE Nifty 50.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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