Reliance Jio Q4 Results: PAT jumps 13% YoY to Rs 4,716 cr; beats estimates - Economic Times

Reliance Industries arm Reliance Jio's net profit rose 13% to Rs 4,716 crore for the quarter ended March, beating estimates by a healthy margin. An ET Now Poll has pegged the profit figure at Rs 4,666 crore

The profit was Rs 4,173 crore in the same period last year.

Revenue from operations came in at Rs 23,394 crore for the reporting period, showing a growth of 12% year-on-year. The revenue is in-line with estimates.

Reliance Jio, the telecom arm of oil-to-retail conglomerate Reliance Industries, has reported an operating profit of Rs 12,210 crore for the fourth quarter, while margins stood at 52.19%.

In the corresponding quarter of last year, the revenue stood at Rs 20,901 crore. The topline and bottomline growth were driven by sustained rise in its user base.

License fee and spectrum charges for the March quarter stood at Rs 2,155 crore, down 14% year-on-year, compared with Rs 2,504 crore in the year-ago period.

The overall expenses, however, rose to Rs 17,172 crore during the reporting period as against Rs 15,353 crore a year ago.More to come...

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Reliance Jio Q4 Results: PAT jumps 13% YoY to Rs 4,716 cr; beats estimates - Economic Times
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