At Rs 4,530 crore, Jio posts 5% increase in net profit

Jio Platforms on Friday reported a 5% sequential rise in its net profit at Rs 4,530 crore during the April-June quarter. Revenue from operations increased 5.41% to Rs 23,467 crore, while Ebitda rose 4.63% to Rs 11,424 crore. The company’s Ebitda margin declined marginally to 48.7% compared to 49% in the preceding quarter. Jio Platforms is a unit of Reliance Industries under which its telecom arm Reliance Jio and all other digital platforms are housed.