Reliance Jio profit rises by 28% to ₹4,638 crore in third quarter
Telecom giant Reliance Jio has posted a 28 per cent rise in its net profit to ₹4,638 crore for the quarter ending December 2022 against ₹3,615 crore in the year-ago period.
The revenue from operations grew 18.9 per cent to ₹22,998 crore from ₹19,347 crore in the corresponding quarter last year.
According to a statement from Reliance Jio, other income was at ₹63 crore, against ₹155 crore in the year-ago period.
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Ebitda was ₹12,009 crore against ₹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 ₹16,839 crore during the reviewed quarter, against ₹14,655 crore in the year-ago period.
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