Reliance Jio Q1 Outcomes: PAT jumps 12% YoY to Rs 5,445 crore, income rises 10%

Reliance Jio Infocomm on Friday reported a internet revenue of Rs 5,445 crore for the quarter ended June 30, 2024, which was up by 12% over Rs 4,863 crore reported by the corporate within the year-ago interval.

The Reliance Industries‘ telecom subsidiary reported income from operations at Rs 26,478 crore, which was up by 10% from Rs 24,042 crore reported by the corporate within the corresponding interval of the earlier monetary yr.

On a sequential foundation, the revenue after tax (PAT) was up 2% over Rs 5,337 crore reported in Q4FY24.

In the meantime, the standalone income was up 2% on a quarter-on-quarter foundation from Rs 25,959 crore reported within the January-March quarter.

The corporate’s June quarter bills jumped to 26,580 crore within the reported quarter versus Rs 26,081 crore within the March ended quarter and Rs 24,127 crore within the corresponding quarter of the earlier monetary yr.

Bills grew 10% on a YoY foundation, and a mere 2% QoQ.

Extra to come back….