The Business Bytes
TBB BUREAU
MUMBAI, JAN 20, 2023
Reliance Jio on Friday reported a net profit of Rs 4,638 crore for the third quarter (Q3) of the current financial year (FY23), up 28.3 percent from the year-ago period. The company had reported a net profit of Rs 3,615 crore in the same quarter last year.
The firm had a net profit of Rs 3,615 crore in October-December 2021, according to a company’s stock exchange filing.
Its revenue from operations came in at Rs 22,998 crore, rising 18.9 percent Year-on-Year (YoY) from Rs 19,347 crore in the corresponding quarter last year.
The company’s EBITDA came in at Rs 12,009 crore, up 4.52 percent quarter on quarter (QoQ) while EBITDA margin was at 52.2 percent against 51 percent in the previous quarter.
