Q2 FY2024: Reliance Jio profits up 12% YoY

RIL reported a rise of 27% in consolidated net profit at Rs 17,394 crore

by e4m Staff
Published: Oct 28, 2023 9:11 AM | 1 min read

Reliance Jio has announced its results for Q2 of FY2024 where its profits have risen 4% to Rs 5,058 crore from Rs 4,863 crore previous quarter. The profit growth YoY is 12.1%.

Its revenue from operations stood at Rs 24,750 crore, up 9.89% YoY. It grew 3% from Rs 24,042 crore in the previous quarter, according to the telecom company. EBITDA stood at Rs 12,953 crore from Rs 12,578 crore in Q1, rising 3%.

The operating margin of the company rose 10 basic points YoY to 26.4% and the profit margin to 40 basis points to 17.4%.

Akash M Ambani, Chairman of Reliance Jio Infocomm informed that Jio True5G will soon be available pan India. He also stated that by offering a fibre-like digital experience to homes and small enterprises, the JioAirFibre will transform broadband infrastructure in the country.

Reliance Industries (RIL) reported a rise of 27% in consolidated net profit at Rs 17,394 crore, compared to Rs 13,656 crore in Q2 last year.