Reliance Jio posts 23% increase in consolidated net profit for FY22-23
The company’s total income stands at Rs 91,741 crore for the financial year as compared to the previous year’s Rs 77,585 crore
Reliance Jio Infocomm has reported a 23.19% increase in consolidated net profit of Rs 18,299 crore for the year ended March 31, 2023, as compared to Rs 14,854 crore posted in the previous year.
The company has posted an 18.12% increase in operational revenue (Rs 91,373 crore) compared to the previous year’s Rs 77,356 crore.
The company’s total income stands at Rs 91,741 crore in FY 22-23 as compared to Rs 77,585 crore in FY 22-21. Meanwhile, the total expenses have grown by 16.62% to Rs 67,176 crore against Rs 57, 604 for the year ended on March 31, 2022.
Also, the selling and distribution expenses for the year have increased by 65.64% to Rs 1,822 crore as against Rs 1,100 crore in FY22.
