Reliance Jio Infocomm, the telecom subsidiary of Reliance Industries, reported a net profit of Rs 4,716 crore for the quarter ended March 31, 2023, up 13 percent from the year-ago period. The company had reported a net profit of Rs 4,638 crore in the December 2022 quarter.
Revenue from operations came in at Rs 23,398 crore, rising 12 percent YoY from Rs 20,901 crore in the corresponding quarter last year, Reliance Jio said. Revenue stood at Rs 22,998 crore in Q3FY23.
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) came in at Rs 12,210 crore, up 2 percent quarter-on-quarter (QoQ) and 16 percent YoY while EBITDA margin came in at 52.2 percent against 52.5 percent in the previous quarter. EBITDA stood at Rs 10,554 crore in the corresponding quarter of the last fiscal year.
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