Reliance Jio Q4 net profit rises 15.4% QoQ to Rs 4,173 crore

Infocomm, the telecom subsidiary of Reliance Industries, on Friday reported a 15.4 % quarter-on-quarter enhance in net profit at Rs 4,173 crore for the quarter ended March, mentioned studies.

The firm’s revenues for the quarter grew 8 % sequentially to Rs 20,901 crore, which was greater than a CNBC-TV18 ballot of Rs 20,800 crore.

The firm reported higher-than-expected revenues, gaining from industry-wide tariff hikes final yr. India’s largest telecom operator reported earnings earlier than 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 % % versus the ballot studying of fifty.5 %.

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