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Reliance Jio Posts 24% Jump In March-Quarter Profit

Reliance Jio Posts 24% Jump In March-Quarter Profit
Written by Arindam
Reliance Jio Posts 24% Jump In March-Quarter Profit

Reliance Jio Posts 24% Jump In March-Quarter Profit

Reliance Jio’s net profit rose to Rs 4,173 crore for the quarter ending March 31, 2022.

New Delhi:

Reliance Jio on Friday posted an about 24 per cent increase in standalone profit after tax to Rs 4,173 crore for the quarter ended March 2022.

The company had registered a profit after tax (PAT) of Rs 3,360 crore in the same period a year ago, the company said in a filing.

The standalone revenue from operations increased by over 20 per cent to Rs 20,901 crore, from Rs 17,358 crore in the March 2021 quarter.

For the financial year ended March 31, 2022, Reliance Jio’s consolidated PAT increased by about 23 per cent to Rs 14,854 crore, compared to Rs 12,071 crore in FY21.

The annual revenue from operations grew by about 10.3 per cent to Rs 77,356 crore in 2021-22, from Rs 70,127 crore a year ago.

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