Reliance Jio Profit Jumps 24% To Rs. 4,173 Cr In Q4

Mumbai, May 6: Billionaire Mukesh Ambani-led Reliance Jio Infocomm on Friday reported 24% increase in standalone net profit to Rs 4,173 crore in quarter ending March, 2022 as compared to Rs 3,360 crore in the same period last financial year.

The company’s revenue from operations during January-March quarter (Q4) of financial year 2021-22 stood at Rs 20,901 crore, up 20% compared to Rs 17,358 crore in the corresponding period of the previous year. For the full financial year (2021-22), Reliance Jio Infocomm’s standalone profit recorded 23% jump at Rs 14,817 crore as against Rs 12,017 crore in 2020-21. During the year, the company posted 10% increase in revenue from operations at Rs 76,977 crore compared to Rs 69,888 crore in 2020-21.