1. Reliance Jio Q3 result: Revenue jumps 10% YoY, net profit rises 12% YoY

Reliance Jio Q3 result: Revenue jumps 10% YoY, net profit rises 12% YoY

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Upstox

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1 min read • Updated: January 19, 2024, 6:42 PM

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Summary

Reliance Industries telecom arm Reliance Jio reported 10% YoY jump in revenue, while its net profit rises 12% YoY

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Reliance Jio Q3 revenue jumps 10% YoY, net profit rises 12% YoY
  • Reliance Industries telecom arm Reliance Jio reported a 12% rise in Q3FY24 net profit to ₹5,208 crore. Meanwhile, on a sequential basis, the net profit was up 3% from ₹5,058 crore in Q2FY24.

  • Revenue from operations increased 10% year-on-year to ₹25,368 crore in the December quarter from ₹22,998 crore in the same quarter last fiscal.

  • The company’s Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 12% during the quarter.

  • During the quarter, the total data traffic on Jio Network increased 32% to 38.1 exabytes, while the company added 11.2 million users. Its total subscriber base now stands at 470.9 million.