The Business Bytes
TBB BUREAU
MUMBAI, MAY 6, 2022
Reliance Jio Infocomm, the telecom subsidiary of Reliance Industries, on Friday reported an about 24 per cent increase in its standalone profit after tax (PAT) to Rs 4,173 crore for the quarter ended March 31, 2022 (Q4FY22) as against Rs 3,360 crore recorded in the corresponding period in the previous fiscal.
India’s largest telecom operator reported earnings before tax, depreciation, and amortisation (EBITDA) at Rs 10,510 crore.
The standalone revenue from operations increased by over 20 per cent to Rs 20,901 crore, from Rs 17,358 crore in the March 2021 quarter.
For the financial year ended March 31, 2022, Reliance Jio’s consolidated PAT increased by about 23 per cent to Rs 14,854 crore, compared to Rs 12,071 crore in FY21.
The annual revenue from operations grew by about 10.3 per cent to Rs 77,356 crore in 2021-22, from Rs 70,127 crore a year ago.
