Reliance Jio FYQ4 net profit up 13% on year

Reliance Jio Infocomm reported a 13% on-year rise in net profit in the fiscal fourth quarter, on higher data usage and also helped partly by lower spectrum and finance costs.

Jio’s net profit in the quarter ended March stood at Rs 4716 crore as compared to Rs 4, 637 crore in the previous quarter and Rs 4174 crore a year ago.

The Mukesh Ambani-led telco’s March quarter revenue from operations rose 11.9% on-year and 1.7% sequentially, at Rs 23, 394 crore.


Shares of Reliance Industries (RIL), Jio’s parent, closed around 0.14% higher at Rs 2348.9 on the Bombay Stock Exchange Friday. The Jio results were declared after market hours