Reliance Industries subsidiary Reliance Jio Infocomm on Friday reported a 15.4 percent quarter-on-quarter increase in net profit at Rs 4,173 crore for the quarter ended March, said reports.
Standalone revenue from operations stood at ₹20,901 crore increasing by 20.4% in Q4FY22 compared to ₹17,358 crore a year ago same period. Q4 revenue logs single-digit growth of 8.03% sequentially.
For the full year, standalone PAT jumps to ₹14,817 crore against ₹12,015 crore in FY21. Revenue advanced to ₹76,977 crore as of March 31, 2022, compared to ₹69,888 crore as of March 31, 2021.
The country’s largest telecom operator reported higher-than-expected revenues on the back of benefits from tariff hikes taken by the industry last year.
company reported higher-than-expected revenues, gaining from industry-wide tariff hikes last year.
India’s largest telecom operator reported earnings before tax, depreciation, and amortisation (EBITDA) at Rs 10,510 crore versus an expectation of Rs 10,500 crore.
The EBITDA margin comes at 50.3 per cent versus the poll reading of 50.5 per cent.
On a year-on-year basis the company’s profit was up 24 per cent, Reliance Jio said in a filing.
On a consolidated basis, FY22 PAT stood at ₹14,854 crore versus ₹12,071 crore in FY21. Revenue comes at ₹77,356 crore against ₹70,127 crore.