Reliance Jio Q3 Results: PAT rises 12% YoY to Rs 5,208 crore, revenue up 10%

MUMBAI - Reliance Jio Infocomm on Friday reported a 12.3% year-on-year (YoY) growth in net profit for the quarter ended December to Rs 5,208 crore.

Revenue from operations increased 10.3% on year to Rs 25,368 crore. Sequentially, the bottomline rose nearly 3%, and the topline grew 2.5%.

The operating margin for the quarter contracted marginally to 26.3% from 26.6% a year ago, and 26.4% a quarter ago.


Total expenses for the quarter increased to Rs 18,518 crore from Rs 16,839 crore a year ago, and 18,063 crore a quarter ago. Network operating expenses rose to Rs 7,706 crore from Rs 7,227 crore a year ago and Rs 7,607 crore a quarter ago.

Cost towards license fees/spectrum charges went up to Rs 2,330 crore from Rs 2,120 crore a year ago, and Rs 2,290 crore a quarter ago.

Deferred tax for the quarter was Rs 1,787 crore compared to Rs 1,584 crore a year ago.

For the nine months ended December, the telecom operator’s profit rose 12% YoY to Rs 15,129 crore, and revenue grew by 10% to Rs 74,160 crore.

The debt-to-equity ratio as of December end was 0.19 times, compared to 0.17 times a year ago.

Ahead of the earnings, shares of parent Reliance Industries ended flat at Rs 2,734.90 on the National Stock Exchange.

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