Reliance Jio profit rises by 28 pc to Rs 4,638 crore in third quarter
The revenue from operations grew 18.9 per cent to Rs 22,998 crore from Rs 19,347 crore in the corresponding quarter last year.
MUMBAI: Telecom giant Reliance Jio has posted a 28 per cent rise in its net profit to Rs 4,638 crore for the quarter ending December 2022 against Rs 3,615 crore in the year-ago period.
The revenue from operations grew 18.9 per cent to Rs 22,998 crore from Rs 19,347 crore in the corresponding quarter last year.
According to a statement from Reliance Jio, other income was at Rs 63 crore, against Rs 155 crore in the year-ago period.
Ebitda was Rs 12,009 crore against Rs 22,521 crore in the year-ago period while earnings before interest, taxes, depreciation, and amortisation (Ebitda) margin was at 52.2 per cent during the third quarter (October-December).
The operating margin of the reviewed quarter rose 50 basis points y-o-y to 26.6 per cent. Net profit margin during the quarter was 17.1 per cent against 15.9 per cent in the year-ago quarter.
The company's expenses were Rs 16,839 crore during the reviewed quarter, against Rs 14,655 crore in the year-ago period.
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