Reliance Jio Q4 results: Profit rises 13.2% to Rs 5,337 cr, revenue up 11%

Telecom business of Reliance Industries, Reliance Jio Infocomm, on Monday reported a 13.2 per cent year-on-year rise in standalone net profit at Rs 5,337 crore for the quarter that ended on 31 March in financial year 2023-24 (Q4FY24). The company had reported a net profit of Rs 4,716 crore during the same period last year (Q4FY23).

The company’s revenue from operations increased by around 11 per cent to Rs 25,959 crore in Q4, compared to Rs 23,394 reported in the year before. The company’s total expenses grew at a slightly slower pace of 10.2 per cent Y-o-Y at Rs 18,917 crore from Rs 17,172 in Q4FY23.